Crypto 'Fear-Greed Index' 26...Fear Continues , CME BTC Futures Gap $870
Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell three points from the previous day to 26. The fear phase continues with a slight contraction in confidence. The index indicates 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 capitalization (10%), and Google searches (10%).
Meanwhile, CME BTC futures, which closed the previous trading day at $53,695, opened today at $54,565, a gap of $870.
