Is the Crypto Fear and Greed Index Accurate?
The Crypto Fear and Greed Index accurately reads current sentiment, but it is weak as a forecast. CFGI
data matches the same day 79% of the time and the next day only 49%.
1
Measures, not predicts
It accurately reflects current sentiment.
2
Backtested
Same-day around 79%; next-day far weaker.
3
Honest limits
Treat it as a mirror, not a forecast.
Source: CFGI
Crypto