Indicator notes

Ether fear and greed index on December 10, 2025: 64.2 out of 100, in the “Greed” zone. The previous reading, on December 9, 2025, was 53.9 (“Neutral”): the index rose sharply by 10.3 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: “Implied volatility” at 59.9 versus 34.9 and “Funding rate” at 69.5 versus 53.3. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on December 10, 2025: 46.4 out of 100, in the “Moderate pressure” zone. The previous reading, on December 9, 2025, was 44.2 (“Low pressure”): the indicator rose by 2.2 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 7 trading days in a row. Biggest component moves: “Exchange rate volatility” at 74.1 versus 65.8 and “Currency weakening” at 0.9 versus 0.5. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on December 9, 2025: 55.9 out of 100, in the “Greed” zone. The previous reading, on December 8, 2025, was 66.3: the index fell sharply by 10.4 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 16 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 12.8 versus 57.3 and “Sector breadth” at 65.0 versus 62.6. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on December 9, 2025: 31.5 out of 100, in the “Fear” zone. The previous reading, on December 8, 2025, was 24.6 (“Extreme Fear”): the index rose by 6.9 points and crossed the 25 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. Before that the index had stayed in the “Extreme Fear” zone for 4 trading days in a row. Biggest component moves: “Funding rate” at 43.7 versus 31.9 and “Implied volatility” at 52.5 versus 42.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on December 9, 2025: 27.3 out of 100, in the “Low pressure” zone. The previous reading, on December 6, 2025, was 23.1 (“Calm”): the indicator rose by 4.2 points and crossed the 25 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Calm” zone for 2 trading days in a row. Biggest component moves: “Exchange rate volatility” at 54.5 versus 43.9 and “Currency weakening” at 31.4 versus 25.3. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on December 8, 2025: 52.9 out of 100, in the “Neutral” zone. The previous reading, on December 5, 2025, was 55.0 (“Greed”): the index fell by 2.1 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 9 trading days in a row. Biggest component moves: “Sector momentum” at 42.4 versus 48.5 and “Sector breadth” at 14.2 versus 16.4. This describes that date's reading; it is not a forecast.

High-yield bond market stress on December 8, 2025: 86.1 out of 100, in the “Extreme pressure” zone. The previous reading, on December 5, 2025, was 63.0 (“High pressure”): the indicator rose sharply by 23.1 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. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Price lag behind the market” at 83.9 versus 54.7 and “Yield spread over government bonds” at 88.2 versus 71.3. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on December 8, 2025: 49.2 out of 100, in the “Neutral” zone. The previous reading, on December 7, 2025, was 35.8 (“Fear”): the index rose sharply by 13.4 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 2 trading days in a row. Biggest component moves: “Funding rate” at 48.9 versus 18.2 and “Implied volatility” at 32.2 versus 14.1. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on December 7, 2025: 46.7 out of 100, in the “Usual interest” zone. The previous reading, on November 30, 2025, was 34.1 (“Below-usual interest”): the index rose sharply by 12.6 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 devaluation” at 37.5 versus 18.3 and “Searches about the dollar rate” at 26.6 versus 8.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on December 7, 2025: 59.9 out of 100, in the “Elevated interest” zone. The previous reading, on November 30, 2025, was 30.8 (“Below-usual interest”): the index rose sharply by 29.1 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 54.2 versus 24.7 and “Searches about the dollar rate” at 65.7 versus 36.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on December 7, 2025: 69.9 out of 100, in the “Elevated interest” zone. The previous reading, on November 30, 2025, was 44.2 (“Below-usual interest”): the index rose sharply by 25.7 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 93.3 versus 49.0 and “Searches about the dollar rate” at 46.5 versus 39.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on December 7, 2025: 60.6 out of 100, in the “Elevated interest” zone. The previous reading, on November 30, 2025, was 52.5 (“Usual interest”): the index rose by 8.1 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 devaluation” at 76.6 versus 46.5 and “Searches about the dollar rate” at 83.0 versus 87.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on December 7, 2025: 50.3 out of 100, in the “Usual interest” zone. The previous reading, on November 30, 2025, was 34.7 (“Below-usual interest”): the index rose sharply by 15.6 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 devaluation” at 58.0 versus 30.4 and “Searches about the dollar rate” at 31.7 versus 20.8. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on December 7, 2025: 73.4 out of 100, in the “Elevated interest” zone. The previous reading, on November 30, 2025, was 62.2: the index rose sharply by 11.2 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 the dollar rate” at 48.4 versus 31.1 and “Searches about deposits” at 98.4 versus 93.3. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on December 7, 2025: 42.0 out of 100, in the “Below-usual interest” zone. The previous reading, on November 30, 2025, was 73.0 (“Elevated interest”): the index fell sharply by 31.0 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 buying bitcoin” at 29.8 versus 81.7 and “Searches about buying shares” at 67.0 versus 90.1. This describes that date's reading; it is not a forecast.

Ether fear and greed index on December 6, 2025: 40.5 out of 100, in the “Fear” zone. The previous reading, on December 5, 2025, was 47.4 (“Neutral”): the index fell by 6.9 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: “Funding rate” at 27.3 versus 57.7 and “Price momentum” at 31.6 versus 30.0. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

High-yield bond market stress on December 5, 2025: 63.0 out of 100, in the “High pressure” zone. The previous reading, on December 4, 2025, was 34.9 (“Low pressure”): the indicator rose sharply by 28.1 points and crossed the 45 and 55 boundaries. 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 “Low pressure” zone for 5 trading days in a row. Biggest component moves: “Price lag behind the market” at 54.7 versus 18.4 and “Yield spread over government bonds” at 71.3 versus 51.5. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on December 5, 2025: 22.5 out of 100, in the “Extreme Fear” zone. The previous reading, on December 4, 2025, was 25.8 (“Fear”): the index fell by 3.3 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Implied volatility” at 40.4 versus 45.3 and “Price momentum” at 8.6 versus 13.3. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on December 5, 2025: 47.4 out of 100, in the “Neutral” zone. The previous reading, on December 4, 2025, was 61.2 (“Greed”): the index fell sharply by 13.8 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. The index spent a single trading day in the “Greed” zone. Biggest component moves: “Implied volatility” at 30.3 versus 60.4 and “Funding rate” at 57.7 versus 78.8. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on December 5, 2025: 23.3 out of 100, in the “Calm” zone. The previous reading, on December 4, 2025, was 25.3 (“Low pressure”): the indicator fell by 2.0 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. The indicator spent a single trading day in the “Low pressure” zone. Biggest component moves: “Currency weakening” at 29.3 versus 36.6 and “International reserves” at 7.2 versus 12.2. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on December 4, 2025: 64.2 out of 100, in the “Greed” zone. The previous reading, on December 3, 2025, was 54.9 (“Neutral”): the index rose by 9.3 points 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: “Stock price strength” at 55.0 versus 17.9 and “Sector breadth” at 56.4 versus 57.2. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on December 4, 2025: 55.4 out of 100, in the “Greed” zone. The previous reading, on December 3, 2025, was 54.9 (“Neutral”): the index rose slightly by 0.5 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Sector volatility” at 65.2 versus 64.0 and “Sector momentum” at 49.5 versus 49.1. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on December 4, 2025: 25.8 out of 100, in the “Fear” zone. The previous reading, on December 3, 2025, was 19.9 (“Extreme Fear”): the index rose by 5.9 points and crossed the 25 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. Before that the index had stayed in the “Extreme Fear” zone for 3 trading days in a row. Biggest component moves: “Funding rate” at 37.1 versus 10.5 and “Price momentum” at 13.3 versus 15.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on December 4, 2025: 61.2 out of 100, in the “Greed” zone. The previous reading, on December 3, 2025, was 46.4 (“Neutral”): the index rose sharply by 14.8 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: “Funding rate” at 78.8 versus 36.3 and “Volatility” at 70.3 versus 54.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on December 4, 2025: 42.0 out of 100, in the “Low pressure” zone. The previous reading, on December 3, 2025, was 45.8 (“Moderate pressure”): the indicator fell by 3.8 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 9 trading days in a row. Biggest component moves: “Exchange rate volatility” at 11.7 versus 22.1 and “Currency weakening” at 67.6 versus 72.4. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on December 4, 2025: 25.3 out of 100, in the “Low pressure” zone. The previous reading, on December 3, 2025, was 23.9 (“Calm”): the indicator rose slightly by 1.4 points and crossed the 25 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Calm” zone for 2 trading days in a row. Biggest component moves: “Currency weakening” at 36.6 versus 32.8 and “Exchange rate volatility” at 37.0 versus 35.1. This describes that date's reading; it is not a forecast.

Pressure on the Uzbekistani sum on December 4, 2025: 37.0 out of 100, in the “Low pressure” zone. The previous reading, on December 3, 2025, was 50.0 (“Moderate pressure”): the indicator fell sharply by 13.0 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 65 trading days in a row. Biggest component moves: “International reserves” at 15.8 versus 64.3 and “Exchange rate volatility” at 76.1 versus 79.0. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on December 3, 2025: 59.1 out of 100, in the “Greed” zone. The previous reading, on December 2, 2025, was 54.5 (“Neutral”): the index rose by 4.6 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: “Put and call options” at 82.8 versus 54.9 and “Stock price strength” at 49.6 versus 60.3. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on December 3, 2025: 54.9 out of 100, in the “Neutral” zone. The previous reading, on December 2, 2025, was 65.9 (“Greed”): the index fell sharply by 11.0 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 3 trading days in a row. Biggest component moves: “Stock price strength” at 17.9 versus 55.1 and “Sector momentum” at 51.9 versus 56.1. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on December 3, 2025: 54.9 out of 100, in the “Neutral” zone. The previous reading, on December 2, 2025, was 56.2 (“Greed”): the index fell slightly by 1.3 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 2 trading days in a row. Biggest component moves: “Sector momentum” at 49.1 versus 53.1 and “Sector volatility” at 64.0 versus 64.8. This describes that date's reading; it is not a forecast.