South Korea’s Dunamu launches Bitcoin ‘fear and greed’ index to guide traders

posted 9 months ago
South Korean fintech firm Dunamu, operator of cryptocurrency exchange Upbit, developed a digital assets “fear and greed” index to help investors and traders make better decisions.

Dunamu’s new tool will reflect five different levels of sentiment, from ”extreme fear“ to ”extreme greed." Updated every five minutes, the index uses data on market volatility along with the trading price and transaction volume. Fear-and-greed indices are said to be able to help traders better decide when the market is acting emotionally one way or the other. For example, extreme greed indicates that the market is over-optimistic, while extreme fear means it is over-cautious.
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