Currently, the Multi-Collateral Dai Fear & Greed Index stands at 47,
which means that investors’ sentiment is in the so-called Neutral zone.
The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.
The Fear & Greed Index can be a useful measure of Multi-Collateral Dai investors’ sentiment, and is based primarily on Bitcoin-related market data.
Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral,
51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.