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GMX Fear & Greed Index

CryptoKeyhole's GMX Fear & Greed Index reads 48 out of 100 (neutral) at 04:00 UTC on 10 November 2026, against 45 (neutral) a year earlier.

Is the GMX market fearful or greedy? Our own 0 to 100 index for GMX, from its price momentum, volatility, derivatives positioning and order flow, each ranked against its own past two years.

48/100

GMX Fear & Greed Index

Today so far, 10 November 2026, through 04:00 UTC

ZoneNeutral

Built from 5 components today: price momentum, volatility, funding rates, taker flow, long/short ratio.

GMX reads level with the crypto market (48, neutral); it read greedier than the market on 24 of the last 30 days.

It read 49 yesterday (neutral), 61 a week ago (greed), 84 a month ago (extreme greed), 45 a year ago (neutral).

In the neutral zone for 6 days. Last extreme fear: 8 November 2025. Last extreme greed: 13 October 2026.

Reading as of 04:00 UTC on 10 Nov 2026. It updates every hour.

Calculated by CryptoKeyhole from its own market and derivatives data. Last update 10 November 2026, 04:54 UTCFree API and live images

What is driving it today

GMX's CryptoKeyhole Fear & Greed reading of 48 is 2 points below neutral (50). Pushing it towards greed: funding rates (score 68, +3.8 points). Pulling it towards fear: taker flow (score 33, −2.4 points), long/short ratio (score 29, −1.5 points) and price momentum (score 46, −1.3 points). Strongest signal: funding rates. +0.0081% per 8 hours (7-day mean of the median venue). By group: price action 47 (neutral) and derivatives positioning 50 (neutral).

Each component is scored 0–100 against its own past two years; the index is their weighted mean (48).
ComponentScoreLeans toWeightToday's reading
Price momentum46Neutral36%Price −7.2% against its 30-day average and −2.9% against its 90-day average
Volatility48Neutral21%84% a year (30-day volatility of daily returns, annualised)
Funding rates68Greed21%+0.0081% per 8 hours (7-day mean of the median venue)
Taker flow33Fear14%Takers bought 48.5% of Binance volume over 7 days (spot and perpetuals)
Long/short ratio29Fear7%1.29 accounts long for every account short (7-day mean), on Bybit

Not in this reading: open interest (we have no Bybit perpetual open-interest record for it); holder profit (no on-chain profit measure: we do not run this network's node); exchange flows (no on-chain exchange flows: we do not run this network's node); attention (there is no Wikipedia article we track for it); options implied volatility (its options have no implied volatility index; Deribit publishes one for Bitcoin and Ether). Their weight is shared among the components above.

The component chart shows each component's score day by day; the market page compares every coin.

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Our AI analyst answers questions about this page from CryptoKeyhole’s own data and charts. Free with an account.

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The GMX index over time

The last 12 months, one point a day; the last point is today's partial reading. Shaded: extreme fear (below 25), fear (25–44), greed (56–75), extreme greed (above 75).
The whole history since 8 October 2023, the first day enough components had a year of readings. Open the interactive chart, which on Plus also reads hour by hour.

The GMX index between two dates

By CryptoKeyhole's daily readings, from 10 November 2025 to today, the GMX Fear & Greed Index went from 45 (neutral) to 48 (neutral) so far, up 3 points. Its highest reading in that span was 84 (extreme greed) on 11 October 2026, and its lowest 27 (fear) on 21 November 2025. It averaged 57 (greed), with 0 days in extreme fear and 35 days in extreme greed.

10 Nov 2025 reading
45
final · neutral
Today so far
48
today · neutral
Change
+3
points, 365 days
Highest reading
84
11 Oct 2026 · extreme greed
Lowest reading
27
21 Nov 2025 · fear
Average
57
greed
Days in extreme fear
0
of 365 days
Days in extreme greed
35
of 365 days
Daily readings; the dots mark the highest and lowest reading and the latest. Open the interactive chart.

Each reading is one UTC day's value, labelled as our chart labels it (final); the highest and lowest are closed days only, never today so far.

Each span runs from the first reading of its first month to the last reading of its last, both months included. Choose one to see it in the picker above.

A year apart

The GMX Fear & Greed Index from a month to the same month a year later
SpanFirst readingLast readingChangeHighest readingLowest readingAverage
November 2025 to November 2026 so far15 extreme fear48 today+3384 11 Oct 202613 4 Nov 202556 greed
October 2025 to October 202656 greed59 greed+384 11 Oct 20266 16 Oct 202554 neutral
September 2025 to September 202630 fear78 extreme greed+4881 27 Sep 20266 16 Oct 202553 neutral
August 2025 to August 202634 fear75 greed+4181 21 Aug 20266 16 Oct 202551 neutral
July 2025 to July 202642 fear47 neutral+578 4 May 20266 16 Oct 202549 neutral
June 2025 to June 202645 neutral46 neutral+178 4 May 20266 16 Oct 202548 neutral
May 2025 to May 202642 fear65 greed+2378 4 May 20266 16 Oct 202548 neutral
April 2025 to April 202620 extreme fear76 extreme greed+5678 18 Sep 20256 16 Oct 202546 neutral
March 2025 to March 202625 fear51 neutral+2678 18 Sep 20256 16 Oct 202543 fear
February 2025 to February 202624 extreme fear52 neutral+2878 18 Sep 20256 16 Oct 202540 fear
January 2025 to January 202627 fear43 fear+1678 18 Sep 20256 16 Oct 202540 fear
December 2024 to December 202579 extreme greed39 fear−4080 3 Dec 20246 16 Oct 202540 fear
November 2024 to November 202555 neutral38 fear−1780 3 Dec 20246 16 Oct 202541 fear
October 2024 to October 202552 neutral16 extreme fear−3680 3 Dec 20246 16 Oct 202543 fear
September 2024 to September 202534 fear57 greed+2380 3 Dec 202410 24 Feb 202545 neutral
August 2024 to August 202534 fear34 fear080 3 Dec 202410 24 Feb 202543 fear
July 2024 to July 202538 fear33 fear−580 3 Dec 202410 24 Feb 202543 fear
June 2024 to June 202562 greed51 neutral−1180 3 Dec 202410 24 Feb 202543 fear
May 2024 to May 202533 fear48 neutral+1580 3 Dec 202410 24 Feb 202543 fear
April 2024 to April 202550 neutral44 fear−680 3 Dec 202410 24 Feb 202542 fear
March 2024 to March 202582 extreme greed21 extreme fear−6184 3 Mar 202410 24 Feb 202544 fear
February 2024 to February 202554 neutral24 extreme fear−3084 3 Mar 202410 24 Feb 202548 neutral
January 2024 to January 202580 extreme greed35 fear−4584 3 Mar 202422 5 Aug 202451 neutral
December 2023 to December 202475 greed28 fear−4784 3 Mar 202422 5 Aug 202453 neutral

Within a year

Between any two months of 2026
The GMX Fear & Greed Index in 2026: the change from the first reading of each row's month to the last reading of each column's month
FromJanFebMarAprMayJunJulAugSepOctNovDec
January+1+10+9+34+23+4+5+33+36+17+6
February+12+11+36+25+6+7+35+38+19+8
March+1+26+15−4−3+25+28+9−2
April+26+15−4−3+25+28+9−2
May−11−30−29−1+2−17−28
June−19−18+10+13−6−17
July−6+22+25+6−5
August+27+30+110
September+6−13−24
October−20−31
November−7
Between any two months of 2025
The GMX Fear & Greed Index in 2025: the change from the first reading of each row's month to the last reading of each column's month
FromJanFebMarAprMayJunJulAugSepOctNovDec
January+8−3−6+17+21+24+6+7+30−11+11+12
February0−3+20+24+27+9+10+33−8+14+15
March−4+19+23+26+8+9+32−9+13+14
April+24+28+31+13+14+37−4+18+19
May+6+9−9−8+15−26−4−3
June+6−12−11+12−29−7−6
July−9−8+15−26−4−3
August0+23−18+4+5
September+27−14+8+9
October−40−18−17
November+23+24
December+12
Between any two months of 2024
The GMX Fear & Greed Index in 2024: the change from the first reading of each row's month to the last reading of each column's month
FromJanFebMarAprMayJunJulAugSepOctNovDec
January−34−1−27−48−14−39−44−43−18−16−2−52
February+25−1−22+12−13−18−17+8+10+24−26
March−29−50−16−41−46−45−20−18−4−54
April−18+16−9−14−13+12+14+28−22
May+33+8+3+4+29+31+45−5
June−21−26−250+2+16−34
July−2−1+24+26+40−10
August+3+28+30+44−6
September+28+30+44−6
October+12+26−24
November+23−27
December−51

What followed fear and greed

By CryptoKeyhole's back-test of the GMX Fear & Greed Index since 2023, after days of extreme fear, GMX's price was higher 90 days later 28% of the time (median −16.0%); after extreme greed, 11% of the time (median −15.3%), against 31% of all days (median −13.4%).

GMX's price after each day of the GMX Fear & Greed Index, by the day's zone, since 8 October 2023
ReadingDaysMedian change after 30 daysHigher after 30 daysMedian change after 90 daysHigher after 90 daysMedian change after a yearHigher after a year
Extreme fear92 10 spells−11.1%34%−16.0%28%−52.8%1%
Fear315 47 spells−0.1%50%−12.1%37%−51.0%0%
Neutral251 73 spells−3.8%42%−13.2%29%−53.6%0%
Greed338 56 spells−2.6%47%−12.4%32%−55.0%0%
Extreme greed103 20 spells−7.9%29%−15.3%11%−51.3%0%
All days1,099−3.2%44%−13.4%31%−52.9%0%

Every closed day since 8 October 2023 counts once, by its zone. The market page sets out how the back-test is counted; past results are not a forecast.

How it works

GMX's index is the weighted mean of its components today (price momentum, volatility, funding rates, taker flow, long/short ratio), each scored from 0 to 100 against its own past two years: below 25 is extreme fear, 25 to 44 fear, 45 to 55 neutral, 56 to 75 greed and above 75 extreme greed. The market page explains how each component is calculated, how to read the index and how it differs from other fear and greed indexes.

The last 30 days

The last 30 days, newest first
DayIndexZoneChange
10 November 2026 (today so far)48Neutral−1
9 November 202649Neutral+1
8 November 202648Neutral−4
7 November 202652Neutral0
6 November 202652Neutral−1
5 November 202653Neutral−8
4 November 202661Greed0
3 November 202661Greed+4
2 November 202657Greed+2
1 November 202655Neutral−4
31 October 202659Greed+3
30 October 202656Greed−1
29 October 202657Greed−8
28 October 202665Greed0
27 October 202665Greed+4
26 October 202661Greed−2
25 October 202663Greed−1
24 October 202664Greed+1
23 October 202663Greed+6
22 October 202657Greed−11
21 October 202668Greed+3
20 October 202665Greed−4
19 October 202669Greed−2
18 October 202671Greed−1
17 October 202672Greed−2
16 October 202674Greed0
15 October 202674Greed+2
14 October 202672Greed−6
13 October 202678Extreme greed+2
12 October 202676Extreme greed−8

What its history shows

  • Over the past 12 months: high 84 (extreme greed) on 11 October 2026, low 27 (fear) on 21 November 2025, average 57.
  • Highest reading: 90 on 11 November 2023. Lowest: 6 on 16 October 2025.
  • Across all 1,130 days since 8 October 2023: extreme fear 8% of days, fear 28%, neutral 23%, greed 32%, extreme greed 9%.
The GMX Fear & Greed Index by year (the current year so far)
YearAverageRangeDays of extreme fearDays of extreme greedDays
20266029–84035314
2025396–78874365
20245222–84526366
20237243–9004185

GMX's longest run of extreme fear lasted 30 days, from 10 October 2025 to 8 November 2025, while its price went from $9.78 to $9.63; its last day of extreme fear was 8 November 2025. GMX's longest run of extreme greed lasted 26 days, from 26 October 2023 to 20 November 2023, while its price went from $43.56 to $51.46; its last day of extreme greed was 13 October 2026.

The GMX index by month

CryptoKeyhole's daily readings month by month (00:00 UTC days; the lowest and highest are the first day with that reading):

2026 by month
The GMX Fear & Greed Index in each month of 2026
MonthAverageLowestHighestDays of extreme fearDays of extreme greedDays
November so far54 Neutral48 8 Nov61 3 Nov0010
October72 Greed56 30 Oct84 5 Oct01331
September69 Greed52 15 Sep81 27 Sep0730
August68 Greed48 1 Aug81 21 Aug0331
July65 Greed47 31 Jul77 24 Jul0231
June47 Neutral34 9 Jun65 1 Jun0030
May68 Greed52 28 May78 4 May0931
April62 Greed45 3 Apr76 30 Apr0130
March57 Greed45 30 Mar69 4 Mar0031
February39 Fear29 11 Feb53 26 Feb0028
January50 Neutral42 1 Jan62 28 Jan0031
2025 by month
The GMX Fear & Greed Index in each month of 2025
MonthAverageLowestHighestDays of extreme fearDays of extreme greedDays
December48 Neutral27 1 Dec58 22 Dec0031
November32 Fear13 4 Nov45 10 Nov8030
October26 Fear6 16 Oct64 2 Oct22031
September62 Greed30 1 Sep78 18 Sep0430
August43 Fear34 1 Aug65 8 Aug0031
July42 Fear24 10 Jul57 22 Jul1031
June46 Neutral38 22 Jun63 10 Jun0030
May50 Neutral27 5 May67 27 May0031
April39 Fear20 1 Apr55 28 Apr5030
March20 Extreme fear13 22 Mar34 2 Mar28031
February20 Extreme fear10 24 Feb38 10 Feb23028
January39 Fear27 1 Jan52 17 Jan0031
2024 by month
The GMX Fear & Greed Index in each month of 2024
MonthAverageLowestHighestDays of extreme fearDays of extreme greedDays
December52 Neutral24 22 Dec80 3 Dec1431
November66 Greed45 4 Nov78 30 Nov0230
October55 Neutral38 10 Oct71 20 Oct0031
September46 Neutral29 6 Sep67 27 Sep0030
August35 Fear22 5 Aug49 24 Aug4031
July45 Neutral35 7 Jul62 22 Jul0031
June49 Neutral36 23 Jun72 6 Jun0030
May46 Neutral33 1 May66 31 May0031
April39 Fear32 18 Apr50 1 Apr0030
March63 Greed45 22 Mar84 3 Mar0831
February68 Greed54 1 Feb82 27 Feb0829
January60 Greed46 31 Jan83 2 Jan0431
2023 by month
The GMX Fear & Greed Index in each month of 2023
MonthAverageLowestHighestDays of extreme fearDays of extreme greedDays
December71 Greed59 20 Dec79 30 Dec01031
November82 Extreme greed74 27 Nov90 11 Nov02530
October60 Greed43 9 Oct79 29 Oct0624

Cite, download and reuse

Cite this reading

CryptoKeyhole GMX Fear & Greed Index: 48 out of 100 (neutral) at 04:00 UTC on 10 November 2026. https://cryptokeyhole.com/fear-and-greed-index/gmx/

The readings and their history are free to reuse under CC BY 4.0, crediting CryptoKeyhole with a link to this page. The history is recalculated from our charts as they are published now, so a corrected input also corrects the days it touches.

Questions

What is the GMX Fear and Greed Index?

A daily reading from 0 to 100 of how fearful or greedy the GMX market is, calculated by CryptoKeyhole from GMX's own price momentum, volatility, derivatives positioning, order flow and, where we have them, on-chain and attention data. Each part is ranked against its own past two years.

Is the GMX market fearful or greedy today?

The reading at the top of this page answers it, with its zone. It updates every hour; today's value is a partial reading until the day closes at 00:00 UTC.

How is it different from the usual crypto fear and greed index?

It is calculated separately for each coin, from our own market and derivatives data rather than social media, and every component, weight and reading is published on the page.

Open the interactive chartComponent scoresEvery coin's indexCreate a free account

Readings on this page are calculated by CryptoKeyhole from its own price indexes of public exchange markets, its collection of the venues' public derivatives data and Wikimedia's public page views, and are refreshed every hour; the method section above gives each source.