Investors are undecided
Updated 12:10 UTC · published daily by alternative.me
Sentiment slipped 17 points over the past week and has now spent six straight days in Fear. Beyond the crowded funding, long accounts outnumber shorts by 2.31 to one, a level seen on few days this month, while price sits below its 30-day average. Historically, when the index sat in this band since October 2022, Bitcoin was higher 30 days later 63% of the time across 330 samples, with a median gain of 3.7%. Celestia is the most fearful coin at 20, in Extreme Fear, with Ondo just behind on 30.
Alerts when the index crosses your level, a reading every morning, scores for 40 coins, the “buy the fear” simulator and a home-screen widget.
Sentiment fell through the week, extending a slide that began a month ago, and today marks the fifth straight day in the Fear band. Positioning tells a different story: long accounts outnumber shorts by a wide margin, with leverage still being paid for, while price sits well below its 30-day average and open interest is on the light side. Historically, when the index sat in this band, Bitcoin was higher 30 days later 63% of the time, with a median move of 3.7%. Among individual coins, Cosmos is deepest in Extreme Fear at 24, and Ethena at 28 fell 7% on the day.
Sentiment has slipped by 13 points over the past week and has now spent four days in Fear. Beneath that, positioning is crowded on one side, with 2.3 long accounts for every short, while open positions sit near the low end of the past month at $7.46bn. In 330 past cases since October 2022 when the index sat in this band, Bitcoin was higher 30 days later 63% of the time, with a median move of 3.7%. Elsewhere, Pepe leads the greedy side at 72 while Cosmos sits at 29.
Sentiment slid twenty points over the past seven days, leaving the gauge in Fear for a third straight day. Beneath that, open interest sits near the bottom of its recent range at $7.45bn, so the crowding is in direction rather than size, while funding is also running hot. Historically, when the index has sat in this band, Bitcoin was higher 30 days later 63% of the time, with a median move of 3.7%, across 330 cases since October 2022. Among altcoins, Cosmos is the most fearful at 7, with Celestia close behind on 13.
Sentiment slid 21 points over the past week, leaving the index in Fear for a second straight day. Beyond the crowded long side, open positions sit near the bottom of their monthly range at $7.45B, so leverage is concentrated rather than large, while funding stays firmer than on 94% of the past 166 days. Historically, when the index sat in this band, Bitcoin was higher 30 days later 63% of the time, with a median move of 3.7% across 330 cases. At the fearful end, Aave and Worldcoin both score 11.
Sentiment has dropped sharply over the past week, and today marks the first session back in the Fear band. Beyond the crowded long positioning, open interest sits at the bottom of its month-long range, so the pile-up of longs is riding on a shrinking pool of open positions. Historically, when the index sat in this band, bitcoin was higher 30 days later 63% of the time, with a median move of 3.7%, across 330 cases since 2022. Elsewhere, Monero stands out on the greedy side at 73, while Polkadot and Cosmos both sit deep in Extreme Fear at 17.
Sentiment slid through the past week, giving back a good chunk of its recent ground, and today marks a seventh straight day in the neutral band. Beyond the crowded long positioning, open positions sit low in their monthly range at 7.67 billion dollars, while seven-day volatility of 24% is calmer than most of the past year. On the 250 occasions since January 2023 that the index sat in this band, Bitcoin was higher 30 days later 60% of the time, with a median move of 5.9%. At the other end, Filecoin reads 36 and Optimism 37, both in fear.
Sentiment has cooled through the past week, slipping twelve points, and this is the sixth day running in the neutral band. Open interest is modest at $7.67bn, in the lower third of the past month, while seven-day volatility of 26% has been calmer than most of the past year. Historically, with the index in this band, Bitcoin was higher 30 days later in 60% of 250 cases since January 2023, with a median gain of 5.9%. Among coins, Worldcoin sits deepest in extreme fear at 24, with Aptos close behind at 27.