![]() While our reddit sentiment analysis is still not in the live index (we’re still experimenting some market-related key words in the text processing algorithm), our twitter analysis is running. Generally, when we see high buying volumes in a positive market on a daily basis, we conclude that the market acts overly greedy / too bullish. Market Momentum/Volume (25%)Īlso, we’re measuring the current volume and market momentum (again in comparison with the last 30/90 day average values) and put those two values together. We argue that an unusual rise in volatility is a sign of a fearful market. ![]() drawdowns of bitcoin and compare it with the corresponding average values of the last 30 days and 90 days. We’re measuring the current volatility and max. Each data point is valued the same as the day before in order to visualize a meaningful progress in sentiment change of the crypto market.įirst of all, the current index is for bitcoin only (we offer separate indices for large alt coins soon), because a big part of it is the volatility of the coin price.īut let’s list all the different factors we’re including in the current index: Volatility (25 %) We are gathering data from the five following sources.
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