Crypto 'Fear-Greed Index' at 75...remains in greed phase, CME BTC gaps

Crypto data provider Alternative's self-assessed "Fear-Greed Index" rose one point from the previous day to 75. It remains in the greed phase. The index measures extreme fear in the market, with readings closer to zero indicating extreme fear and readings closer to 100 indicating extreme optimism. The Fear-Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), bitcoin market cap (10%) and Google searches (10%). Meanwhile, CME BTC futures, which closed the previous trading day at $63,975, opened today at $66,505, a gap of $2,530.