Indicator notes

Ether fear and greed index on August 17, 2025: 51.1 out of 100, in the “Neutral” zone. The previous reading, on August 16, 2025, was 58.6 (“Greed”): the index fell by 7.5 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 6 trading days in a row. Biggest component moves: “Funding rate” at 24.8 versus 46.2 and “Implied volatility” at 22.1 versus 30.3. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on August 16, 2025: 45.5 out of 100, in the “Moderate pressure” zone. The previous reading, on August 15, 2025, was 44.9 (“Low pressure”): the indicator rose slightly by 0.6 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. The indicator spent a single trading day in the “Low pressure” zone. Biggest component moves: “Exchange rate volatility” at 7.2 versus 3.8 and “Currency weakening” at 30.4 versus 31.6. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on August 15, 2025: 55.3 out of 100, in the “Greed” zone. The previous reading, on August 14, 2025, was 54.3 (“Neutral”): the index rose slightly by 1.0 point and crossed the 55 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 “Neutral” zone. Biggest component moves: “Sector momentum” at 46.9 versus 44.5 and “Sector breadth” at 54.3 versus 51.9. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on August 15, 2025: 68.8 out of 100, in the “Greed” zone. The previous reading, on August 14, 2025, was 78.6 (“Extreme Greed”): the index fell by 9.8 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 6 trading days in a row. Biggest component moves: “Funding rate” at 44.5 versus 83.8 and “Implied volatility” at 98.5 versus 91.6. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on August 15, 2025: 44.9 out of 100, in the “Low pressure” zone. The previous reading, on August 14, 2025, was 45.1 (“Moderate pressure”): the indicator fell slightly by 0.2 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator spent a single trading day in the “Moderate pressure” zone. Biggest component moves: “Exchange rate volatility” at 3.8 versus 4.7 and “Currency weakening” at 31.6 versus 31.3. This describes that date's reading; it is not a forecast.

Pressure on the Georgian lari on August 15, 2025: 38.0 out of 100, in the “Low pressure” zone. The previous reading, on August 14, 2025, was 23.2 (“Calm”): the indicator rose sharply by 14.8 points and crossed the 25 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator spent a single trading day in the “Calm” zone. Biggest component moves: “Exchange rate volatility” at 53.7 versus 9.5 and “Currency weakening” at 22.8 versus 7.9. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on August 14, 2025: 54.3 out of 100, in the “Neutral” zone. The previous reading, on August 13, 2025, was 59.9 (“Greed”): the index fell by 5.6 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 44.5 versus 73.4 and “Sector momentum” at 44.5 versus 39.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on August 14, 2025: 45.1 out of 100, in the “Moderate pressure” zone. The previous reading, on August 13, 2025, was 33.6 (“Low pressure”): the indicator rose sharply by 11.5 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 21 trading days in a row. Biggest component moves: “International reserves” at 51.5 versus 6.2 and “Exchange rate volatility” at 4.7 versus 3.7. This describes that date's reading; it is not a forecast.

Pressure on the Georgian lari on August 14, 2025: 23.2 out of 100, in the “Calm” zone. The previous reading, on August 13, 2025, was 25.6 (“Low pressure”): the indicator fell by 2.4 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of pressure on the currency. Before that the indicator had stayed in the “Low pressure” zone for 7 trading days in a row. Biggest component moves: “International reserves” at 0.1 versus 9.9 and “Exchange rate volatility” at 9.5 versus 9.4. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on August 13, 2025: 53.0 out of 100, in the “Neutral” zone. The previous reading, on August 12, 2025, was 55.7 (“Greed”): the index fell by 2.7 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 3 trading days in a row. Biggest component moves: “Stock price strength” at 66.6 versus 87.6 and “Credit risk appetite” at 20.5 versus 14.0. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on August 13, 2025: 60.6 out of 100, in the “Greed” zone. The previous reading, on August 12, 2025, was 73.6: the index fell sharply by 13.0 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 7 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 48.4 versus 95.8 and “Sector volatility” at 58.2 versus 62.2. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on August 13, 2025: 68.0 out of 100, in the “Greed” zone. The previous reading, on August 12, 2025, was 78.7 (“Extreme Greed”): the index fell sharply by 10.7 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: “Stock price strength” at 52.2 versus 85.5 and “Sector volatility” at 69.3 versus 75.3. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on August 12, 2025: 61.0 out of 100, in the “Greed” zone. The previous reading, on August 11, 2025, was 51.5 (“Neutral”): the index rose by 9.5 points and crossed the 55 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 “Neutral” zone for 2 trading days in a row. Biggest component moves: “Stock price strength” at 73.3 versus 44.4 and “Sector breadth” at 48.9 versus 43.9. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on August 12, 2025: 78.7 out of 100, in the “Extreme Greed” zone. The previous reading, on August 11, 2025, was 69.8 (“Greed”): the index rose by 8.9 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 17 trading days in a row. Biggest component moves: “Stock price strength” at 85.5 versus 52.1 and “Sector momentum” at 76.9 versus 73.1. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on August 12, 2025: 45.3 out of 100, in the “Neutral” zone. The previous reading, on August 11, 2025, was 43.7 (“Fear”): the index rose slightly by 1.6 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 5 trading days in a row. Biggest component moves: “Sector breadth” at 36.2 versus 31.3 and “Sector momentum” at 47.3 versus 45.9. This describes that date's reading; it is not a forecast.

High-yield bond market stress on August 11, 2025: 77.0 out of 100, in the “Extreme pressure” zone. The previous reading, on August 8, 2025, was 73.9 (“High pressure”): the indicator rose by 3.1 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. Before that the indicator had stayed in the “High pressure” zone for 15 trading days in a row. Biggest component moves: “Yield spread over government bonds” at 59.4 versus 55.3 and “Price lag behind the market” at 94.6 versus 92.6. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on August 11, 2025: 70.9 out of 100, in the “Greed” zone. The previous reading, on August 10, 2025, was 75.0 (“Extreme Greed”): the index fell by 4.1 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: “Implied volatility” at 40.1 versus 49.2 and “Price momentum” at 91.4 versus 95.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on August 10, 2025: 75.3 out of 100, in the “Surge of interest” zone. The previous reading, on August 3, 2025, was 46.5 (“Usual interest”): the index rose sharply by 28.8 points and crossed the 55 and 75 boundaries. The “Surge of interest” zone covers readings from 75 to 100: searches on the topic are far above usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about deposits” at 67.6 versus 34.9 and “Searches about the dollar rate” at 83.0 versus 58.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on August 10, 2025: 69.9 out of 100, in the “Elevated interest” zone. The previous reading, on August 3, 2025, was 23.4 (“Quiet”): the index rose sharply by 46.5 points and crossed the 25, 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 “Quiet” zone. Biggest component moves: “Searches about deposits” at 56.1 versus 7.4 and “Searches about the dollar rate” at 83.7 versus 39.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on August 10, 2025: 53.5 out of 100, in the “Usual interest” zone. The previous reading, on August 3, 2025, was 36.9 (“Below-usual interest”): the index rose sharply by 16.6 points and crossed the 45 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 “Below-usual interest” zone for 4 weeks in a row. Biggest component moves: “Searches about the dollar rate” at 86.9 versus 56.7 and “Searches about deposits” at 20.2 versus 17.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on August 10, 2025: 51.0 out of 100, in the “Usual interest” zone. The previous reading, on August 3, 2025, was 67.0 (“Elevated interest”): the index fell sharply by 16.0 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 2 weeks in a row. Biggest component moves: “Searches about devaluation” at 55.4 versus 93.3 and “Searches about deposits” at 4.8 versus 15.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on August 10, 2025: 51.8 out of 100, in the “Usual interest” zone. The previous reading, on August 3, 2025, was 33.0 (“Below-usual interest”): the index rose sharply by 18.8 points and crossed the 45 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 “Below-usual interest” zone for 3 weeks in a row. Biggest component moves: “Searches about the dollar rate” at 90.1 versus 50.3 and “Searches about deposits” at 60.6 versus 42.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on August 10, 2025: 70.5 out of 100, in the “Elevated interest” zone. The previous reading, on August 3, 2025, was 49.4 (“Usual interest”): the index rose sharply by 21.1 points and crossed the 55 boundary. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. Before that the index had stayed in the “Usual interest” zone for 2 weeks in a row. Biggest component moves: “Searches about the dollar rate” at 81.7 versus 56.7 and “Searches about deposits” at 59.3 versus 42.0. This describes that date's reading; it is not a forecast.

Ether fear and greed index on August 10, 2025: 75.0 out of 100, in the “Extreme Greed” zone. The previous reading, on August 9, 2025, was 73.6 (“Greed”): the index rose slightly by 1.4 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 11 trading days in a row. Biggest component moves: “Implied volatility” at 49.2 versus 32.7 and “Funding rate” at 73.6 versus 82.6. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on August 10, 2025: 56.7 out of 100, in the “Elevated interest” zone. The previous reading, on August 3, 2025, was 70.6: the index fell sharply by 13.9 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 2 weeks in a row in this zone. Biggest component moves: “Searches about a brokerage account” at 51.6 versus 80.4 and “Searches about buying bitcoin” at 57.4 versus 69.6. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on August 9, 2025: 78.1 out of 100, in the “Extreme Greed” zone. The previous reading, on August 8, 2025, was 71.9 (“Greed”): the index rose by 6.2 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. The index spent a single trading day in the “Greed” zone. Biggest component moves: “Funding rate” at 64.5 versus 41.2 and “Volatility” at 99.9 versus 95.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on August 8, 2025: 59.3 out of 100, in the “Greed” zone. The previous reading, on August 7, 2025, was 53.7 (“Neutral”): the index rose by 5.6 points and crossed the 55 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 “Neutral” zone for 2 trading days in a row. Biggest component moves: “Safe haven demand” at 87.4 versus 58.4 and “Stock price strength” at 83.5 versus 74.4. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on August 8, 2025: 46.9 out of 100, in the “Neutral” zone. The previous reading, on August 7, 2025, was 35.6 (“Fear”): the index rose sharply by 11.3 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 15 trading days in a row. Biggest component moves: “Sector volatility” at 60.2 versus 27.7 and “Sector momentum” at 42.8 versus 34.6. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on August 8, 2025: 57.6 out of 100, in the “Greed” zone. The previous reading, on August 7, 2025, was 51.4 (“Neutral”): the index rose by 6.2 points and crossed the 55 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 “Neutral” zone for 15 trading days in a row. Biggest component moves: “Sector momentum” at 60.4 versus 46.9 and “Sector volatility” at 51.5 versus 44.3. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on August 8, 2025: 71.9 out of 100, in the “Greed” zone. The previous reading, on August 7, 2025, was 76.6 (“Extreme Greed”): the index fell by 4.7 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 3 trading days in a row. Biggest component moves: “Funding rate” at 41.2 versus 57.9 and “Price momentum” at 51.1 versus 53.6. 4 of 6 components were available. This describes that date's reading; it is not a forecast.