What is driving it today
Bittensor's CryptoKeyhole Fear & Greed reading of 47 is 3 points below neutral (50). Pushing it towards greed: volatility (score 91, +8.7 points) and funding rates (score 59, +1.8 points). Pulling it towards fear: price momentum (score 31, −6.9 points), taker flow (score 6, −6.2 points) and long/short ratio (score 42, −0.5 points). Strongest signal: volatility. 65% a year (30-day volatility of daily returns, annualised). Calm markets score towards greed, wild ones towards fear. By group: price action 53 (neutral) and derivatives positioning 38 (fear).
| Component | Score | Leans to | Weight | Today's reading |
|---|---|---|---|---|
| Price momentum | 31 | Fear | 36% | Price −11.0% against its 30-day average and −12.4% against its 90-day average |
| Volatility | 91 | Greed | 21% | 65% a year (30-day volatility of daily returns, annualised) |
| Funding rates | 59 | Greed | 21% | +0.0081% per 8 hours (7-day mean of the median venue) |
| Taker flow | 6 | Fear | 14% | Takers bought 47.5% of Binance volume over 7 days (spot and perpetuals) |
| Long/short ratio | 42 | Fear | 7% | 3.47 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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The Bittensor index over time
The Bittensor index between two dates
By CryptoKeyhole's daily readings, from 10 November 2025 to today, the Bittensor Fear & Greed Index went from 29 (fear) to 47 (neutral) so far, up 18 points. Its highest reading in that span was 79 (extreme greed) on 27 August 2026, and its lowest 15 (extreme fear) on 23 February 2026. It averaged 46 (neutral), with 20 days in extreme fear and 1 day in extreme greed.
- 10 Nov 2025 reading
- 29
- final · fear
- Today so far
- 47
- today · neutral
- Change
- +18
- points, 365 days
- Highest reading
- 79
- 27 Aug 2026 · extreme greed
- Lowest reading
- 15
- 23 Feb 2026 · extreme fear
- Average
- 46
- neutral
- Days in extreme fear
- 20
- of 365 days
- Days in extreme greed
- 1
- of 365 days
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
| Span | First reading | Last reading | Change | Highest reading | Lowest reading | Average |
|---|---|---|---|---|---|---|
| November 2025 to November 2026 so far | 54 neutral | 47 today | −7 | 79 27 Aug 2026 | 15 23 Feb 2026 | 46 neutral |
| October 2025 to October 2026 | 49 neutral | 50 neutral | +1 | 79 27 Aug 2026 | 15 23 Feb 2026 | 46 neutral |
| September 2025 to September 2026 | 42 fear | 67 greed | +25 | 79 27 Aug 2026 | 15 23 Feb 2026 | 46 neutral |
| August 2025 to August 2026 | 48 neutral | 67 greed | +19 | 79 27 Aug 2026 | 15 23 Feb 2026 | 45 neutral |
| July 2025 to July 2026 | 41 fear | 51 neutral | +10 | 74 22 Jul 2025 | 15 23 Feb 2026 | 45 neutral |
| June 2025 to June 2026 | 45 neutral | 28 fear | −17 | 74 22 Jul 2025 | 15 23 Feb 2026 | 45 neutral |
Within a year
Between any two months of 2026
| From | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January | −16 | −16 | +13 | +10 | +5 | −16 | +7 | +23 | +23 | +6 | +3 | |
| February | 0 | +29 | +26 | +21 | 0 | +23 | +39 | +39 | +22 | +19 | ||
| March | +31 | +28 | +23 | +2 | +25 | +41 | +41 | +24 | +21 | |||
| April | −2 | −7 | −28 | −5 | +11 | +11 | −6 | −9 | ||||
| May | −10 | −31 | −8 | +8 | +8 | −9 | −12 | |||||
| June | −19 | +4 | +20 | +20 | +3 | 0 | ||||||
| July | +22 | +38 | +38 | +21 | +18 | |||||||
| August | +16 | +16 | −1 | −4 | ||||||||
| September | +3 | −14 | −17 | |||||||||
| October | −15 | −18 | ||||||||||
| November | −1 |
Between any two months of 2025
What followed fear and greed
CryptoKeyhole's back-test of the Bittensor Fear & Greed Index since 2025: Bittensor's price was higher 90 days later on 39% of all days (median −7.9%); the extreme zones have too few days yet to read much into.
| Reading | Days | Median change after 30 days | Higher after 30 days | Median change after 90 days | Higher after 90 days | Median change after a year | Higher after a year |
|---|---|---|---|---|---|---|---|
| Extreme fear (few days) | 20 6 spells | +48.2% | 90% | +61.5% | 90% | – | – |
| Fear | 170 25 spells | −4.9% | 37% | +0.8% | 51% | −33.2% | 0% |
| Neutral | 126 39 spells | −2.9% | 43% | −8.3% | 35% | −37.7% | 7% |
| Greed | 152 20 spells | −6.4% | 43% | −17.7% | 14% | −47.0% | 0% |
| Extreme greed (few days) | 1 1 spell | +26.4% | 100% | – | – | – | – |
| All days | 469 | −4.7% | 43% | −7.9% | 39% | −36.3% | 3% |
Every closed day since 29 June 2025 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
Bittensor'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
| Day | Index | Zone | Change |
|---|---|---|---|
| 10 November 2026 (today so far) | 47 | Neutral | 0 |
| 9 November 2026 | 47 | Neutral | +3 |
| 8 November 2026 | 44 | Fear | −4 |
| 7 November 2026 | 48 | Neutral | 0 |
| 6 November 2026 | 48 | Neutral | +6 |
| 5 November 2026 | 42 | Fear | −8 |
| 4 November 2026 | 50 | Neutral | +4 |
| 3 November 2026 | 46 | Neutral | +2 |
| 2 November 2026 | 44 | Fear | −4 |
| 1 November 2026 | 48 | Neutral | −2 |
| 31 October 2026 | 50 | Neutral | +2 |
| 30 October 2026 | 48 | Neutral | 0 |
| 29 October 2026 | 48 | Neutral | −9 |
| 28 October 2026 | 57 | Greed | −1 |
| 27 October 2026 | 58 | Greed | +2 |
| 26 October 2026 | 56 | Greed | +1 |
| 25 October 2026 | 55 | Neutral | +2 |
| 24 October 2026 | 53 | Neutral | −3 |
| 23 October 2026 | 56 | Greed | −1 |
| 22 October 2026 | 57 | Greed | −6 |
| 21 October 2026 | 63 | Greed | +12 |
| 20 October 2026 | 51 | Neutral | +1 |
| 19 October 2026 | 50 | Neutral | +1 |
| 18 October 2026 | 49 | Neutral | −1 |
| 17 October 2026 | 50 | Neutral | −3 |
| 16 October 2026 | 53 | Neutral | +1 |
| 15 October 2026 | 52 | Neutral | +4 |
| 14 October 2026 | 48 | Neutral | −2 |
| 13 October 2026 | 50 | Neutral | +1 |
| 12 October 2026 | 49 | Neutral | −5 |
What its history shows
- Over the past 12 months: high 79 (extreme greed) on 27 August 2026, low 15 (extreme fear) on 23 February 2026, average 46.
- Highest reading: 79 on 27 August 2026. Lowest: 15 on 23 February 2026.
- Across all 500 days since 29 June 2025: extreme fear 4% of days, fear 35%, neutral 30%, greed 32%, extreme greed 0%.
| Year | Average | Range | Days of extreme fear | Days of extreme greed | Days |
|---|---|---|---|---|---|
| 2026 | 48 | 15–79 | 16 | 1 | 314 |
| 2025 | 46 | 23–74 | 4 | 0 | 186 |
Bittensor's longest run of extreme fear lasted 7 days, from 19 February 2026 to 25 February 2026, while its price went from $177.03 to $179.70; its last day of extreme fear was 27 February 2026. Bittensor's longest run of extreme greed lasted 1 day, from 27 August 2026 to 27 August 2026, while its price went from $254.10 to $254.10; its last day of extreme greed was 27 August 2026.
The Bittensor 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
| Month | Average | Lowest | Highest | Days of extreme fear | Days of extreme greed | Days |
|---|---|---|---|---|---|---|
| November so far | 46 Neutral | 42 5 Nov | 50 4 Nov | 0 | 0 | 10 |
| October | 54 Neutral | 48 14 Oct | 65 1 Oct | 0 | 0 | 31 |
| September | 64 Greed | 49 15 Sep | 73 6 Sep | 0 | 0 | 30 |
| August | 63 Greed | 49 2 Aug | 79 27 Aug | 0 | 1 | 31 |
| July | 44 Fear | 29 1 Jul | 56 26 Jul | 0 | 0 | 31 |
| June | 35 Fear | 25 25 Jun | 50 14 Jun | 0 | 0 | 30 |
| May | 57 Greed | 46 29 May | 71 11 May | 0 | 0 | 31 |
| April | 43 Fear | 26 14 Apr | 62 7 Apr | 0 | 0 | 30 |
| March | 54 Neutral | 26 1 Mar | 66 19 Mar | 0 | 0 | 31 |
| February | 24 Extreme fear | 15 23 Feb | 34 16 Feb | 16 | 0 | 28 |
| January | 45 Neutral | 28 31 Jan | 57 6 Jan | 0 | 0 | 31 |
2025 by month
| Month | Average | Lowest | Highest | Days of extreme fear | Days of extreme greed | Days |
|---|---|---|---|---|---|---|
| December | 33 Fear | 23 18 Dec | 44 9 Dec | 2 | 0 | 31 |
| November | 31 Fear | 23 16 Nov | 54 1 Nov | 2 | 0 | 30 |
| October | 47 Neutral | 36 16 Oct | 63 6 Oct | 0 | 0 | 31 |
| September | 54 Neutral | 42 1 Sep | 67 11 Sep | 0 | 0 | 30 |
| August | 50 Neutral | 40 31 Aug | 61 9 Aug | 0 | 0 | 31 |
| July | 60 Greed | 41 1 Jul | 74 15 Jul | 0 | 0 | 31 |
| June | 45 Neutral | 45 29 Jun | 45 29 Jun | 0 | 0 | 2 |
Cite, download and reuse
Cite this reading
CryptoKeyhole Bittensor Fear & Greed Index: 47 out of 100 (neutral) at 04:00 UTC on 10 November 2026. https://cryptokeyhole.com/fear-and-greed-index/tao/
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 Bittensor Fear and Greed Index?
A daily reading from 0 to 100 of how fearful or greedy the Bittensor market is, calculated by CryptoKeyhole from TAO'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 Bittensor 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.