Indicator notes

Bitcoin fear and greed index on February 24, 2025: 52.1 out of 100, in the “Neutral” zone. The previous reading, on February 23, 2025, was 58.4 (“Greed”): the index fell by 6.3 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 10 trading days in a row. Biggest component moves: “Price momentum” at 7.8 versus 26.2 and “Funding rate” at 13.6 versus 17.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 24, 2025: 28.8 out of 100, in the “Fear” zone. The previous reading, on February 23, 2025, was 43.2: the index fell sharply by 14.4 points. That meets our shift threshold of 10 points; the zone did not change. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index has now spent 4 trading days in a row in this zone. Biggest component moves: “Volatility” at 48.1 versus 77.4 and “Price momentum” at 5.3 versus 31.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on February 23, 2025: 72.8 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 35.6 (“Below-usual interest”): the index rose sharply by 37.2 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about deposits” at 62.5 versus 2.2 and “Searches about the dollar rate” at 83.0 versus 68.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on February 23, 2025: 64.9 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 53.7 (“Usual interest”): the index rose sharply by 11.2 points and crossed the 55 boundary. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 79.8 versus 55.4 and “Searches about devaluation” at 26.6 versus 17.6. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on February 23, 2025: 42.6 out of 100, in the “Below-usual interest” zone. The previous reading, on February 16, 2025, was 51.6 (“Usual interest”): the index fell by 9.0 points and crossed the 45 boundary. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. Before that the index had stayed in the “Usual interest” zone for 2 weeks in a row. Biggest component moves: “Searches about deposits” at 3.5 versus 40.7 and “Searches about the dollar rate” at 81.7 versus 62.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on February 23, 2025: 62.5 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 26.9 (“Below-usual interest”): the index rose sharply by 35.6 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about deposits” at 58.0 versus 16.3 and “Searches about the dollar rate” at 67.0 versus 37.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on February 23, 2025: 55.2 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 53.5 (“Usual interest”): the index rose slightly by 1.7 points and crossed the 55 boundary. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 77.2 versus 59.3 and “Searches about deposits” at 44.6 versus 56.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on February 23, 2025: 59.3 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 41.1 (“Below-usual interest”): the index rose sharply by 18.2 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 84.9 versus 55.4 and “Searches about devaluation” at 36.2 versus 17.0. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on February 23, 2025: 71.9 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 57.2: the index rose sharply by 14.7 points. That meets our shift threshold of 10 points; the zone did not change. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index has now spent 3 weeks in a row in this zone. Biggest component moves: “Searches about buying shares” at 83.7 versus 38.8 and “Searches about buying bitcoin” at 54.2 versus 64.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 22, 2025: 45.8 out of 100, in the “Moderate pressure” zone. The previous reading, on February 21, 2025, was 42.6 (“Low pressure”): the indicator rose by 3.2 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 5 trading days in a row. Biggest component moves: “Exchange rate volatility” at 23.0 versus 8.8 and “Currency weakening” at 67.8 versus 69.0. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 21, 2025: 77.3 out of 100, in the “Extreme Greed” zone. The previous reading, on February 20, 2025, was 68.9 (“Greed”): the index rose by 8.4 points and crossed the 75 boundary. The “Extreme Greed” zone covers readings from 75 to 100: optimism is close to its limit and risk is taken eagerly. Before that the index had stayed in the “Greed” zone for 3 trading days in a row. Biggest component moves: “Stock price strength” at 71.4 versus 37.1 and “Sector momentum” at 89.8 versus 90.8. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 21, 2025: 42.7 out of 100, in the “Fear” zone. The previous reading, on February 20, 2025, was 45.5 (“Neutral”): the index fell by 2.8 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Implied volatility” at 56.3 versus 69.2 and “Funding rate” at 21.0 versus 14.4. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on February 21, 2025: 75.7 out of 100, in the “Extreme pressure” zone. The previous reading, on February 20, 2025, was 74.9 (“High pressure”): the indicator rose slightly by 0.8 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: pressure on the currency is close to the highest in its history. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Currency weakening” at 80.9 versus 79.3 and “Exchange rate volatility” at 77.7 versus 76.2. This describes that date's reading; it is not a forecast.

US market fear and greed index on February 21, 2025: 42.5 out of 100, in the “Fear” zone. The previous reading, on February 20, 2025, was 54.9 (“Neutral”): the index fell sharply by 12.4 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “52-week highs and lows” at 10.0 versus 40.0 and “Safe haven demand” at 25.4 versus 46.7. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on February 20, 2025: 67.5 out of 100, in the “Greed” zone. The previous reading, on February 19, 2025, was 80.7 (“Extreme Greed”): the index fell sharply by 13.2 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 6 trading days in a row. Biggest component moves: “Stock price strength” at 36.2 versus 86.2 and “Sector momentum” at 90.2 versus 92.2. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 20, 2025: 45.5 out of 100, in the “Neutral” zone. The previous reading, on February 19, 2025, was 42.3 (“Fear”): the index rose by 3.2 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 8 trading days in a row. Biggest component moves: “Implied volatility” at 69.2 versus 52.2 and “Funding rate” at 14.4 versus 21.8. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on February 20, 2025: 74.9 out of 100, in the “High pressure” zone. The previous reading, on February 19, 2025, was 75.4 (“Extreme pressure”): the indicator fell slightly by 0.5 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 12 trading days in a row. Biggest component moves: “Exchange rate volatility” at 76.2 versus 77.9 and “Currency weakening” at 79.3 versus 79.6. This describes that date's reading; it is not a forecast.

US market fear and greed index on February 20, 2025: 54.9 out of 100, in the “Neutral” zone. The previous reading, on February 19, 2025, was 65.3 (“Greed”): the index fell sharply by 10.4 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 4 trading days in a row. Biggest component moves: “52-week highs and lows” at 40.0 versus 88.9 and “Safe haven demand” at 46.7 versus 56.5. This describes that date's reading; it is not a forecast.

High-yield bond market stress on February 19, 2025: 75.1 out of 100, in the “Extreme pressure” zone. The previous reading, on February 18, 2025, was 72.5 (“High pressure”): the indicator rose by 2.6 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: stress in the high-yield bond market is close to the highest in its history. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Price lag behind the market” at 66.0 versus 60.1 and “Yield spread over government bonds” at 84.1 versus 84.9. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on February 18, 2025: 73.3 out of 100, in the “Greed” zone. The previous reading, on February 17, 2025, was 75.1 (“Extreme Greed”): the index fell slightly by 1.8 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 23 trading days in a row. Biggest component moves: “Sector volatility” at 67.0 versus 70.3 and “Sector momentum” at 89.6 versus 91.6. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 18, 2025: 60.9 out of 100, in the “Greed” zone. The previous reading, on February 17, 2025, was 72.8: the index fell sharply by 11.9 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 2 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 40.7 versus 77.3 and “Sector volatility” at 67.4 versus 77.3. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on February 18, 2025: 51.7 out of 100, in the “Neutral” zone. The previous reading, on February 17, 2025, was 63.7 (“Greed”): the index fell sharply by 12.0 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 2 trading days in a row. Biggest component moves: “Stock price strength” at 41.1 versus 75.9 and “Sector volatility” at 77.3 versus 86.4. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 18, 2025: 66.5 out of 100, in the “Greed” zone. The previous reading, on February 17, 2025, was 78.5 (“Extreme Greed”): the index fell sharply by 12.0 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 2 trading days in a row. Biggest component moves: “Stock price strength” at 37.1 versus 71.5 and “Sector momentum” at 82.8 versus 93.4. This describes that date's reading; it is not a forecast.

High-yield bond market stress on February 18, 2025: 72.5 out of 100, in the “High pressure” zone. The previous reading, on February 17, 2025, was 77.7 (“Extreme pressure”): the indicator fell by 5.2 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: stress in the high-yield bond market is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 173 trading days in a row. Biggest component moves: “Price lag behind the market” at 60.1 versus 68.8 and “Yield spread over government bonds” at 84.9 versus 86.6. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on February 17, 2025: 74.7 out of 100, in the “Greed” zone. The previous reading, on February 14, 2025, was 60.4: the index rose sharply by 14.3 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 3 trading days in a row in this zone. Biggest component moves: “Credit risk appetite” at 75.1 versus 19.1 and “Safe haven demand” at 97.7 versus 73.7. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 17, 2025: 72.8 out of 100, in the “Greed” zone. The previous reading, on February 14, 2025, was 75.9 (“Extreme Greed”): the index fell by 3.1 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Sector volatility” at 77.3 versus 95.5 and “Sector breadth” at 70.3 versus 67.0. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on February 17, 2025: 50.2 out of 100, in the “Neutral” zone. The previous reading, on February 14, 2025, was 61.1 (“Greed”): the index fell sharply by 10.9 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 18 trading days in a row. Biggest component moves: “Sector volatility” at 30.3 versus 79.7 and “Sector momentum” at 66.2 versus 61.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on February 16, 2025: 35.6 out of 100, in the “Below-usual interest” zone. The previous reading, on February 9, 2025, was 64.4 (“Elevated interest”): the index fell sharply by 28.8 points and crossed the 55 and 45 boundaries. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about deposits” at 2.2 versus 57.4 and “Searches about the dollar rate” at 68.9 versus 71.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on February 16, 2025: 53.7 out of 100, in the “Usual interest” zone. The previous reading, on February 9, 2025, was 63.6 (“Elevated interest”): the index fell by 9.9 points and crossed the 55 boundary. The “Usual interest” zone covers readings from 45 to 55: searches on the topic are about at their usual level. Before that the index had stayed in the “Elevated interest” zone for 5 weeks in a row. Biggest component moves: “Searches about devaluation” at 17.6 versus 44.6 and “Searches about the dollar rate” at 55.4 versus 56.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on February 16, 2025: 26.9 out of 100, in the “Below-usual interest” zone. The previous reading, on February 9, 2025, was 62.2 (“Elevated interest”): the index fell sharply by 35.3 points and crossed the 55 and 45 boundaries. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about deposits” at 16.3 versus 84.9 and “Searches about the dollar rate” at 37.5 versus 39.4. This describes that date's reading; it is not a forecast.