Crypto 'Fear-Greed Index' 41...Fear persists, BTC 60K at stake.
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 41. Confidence has improved but remains in the fear phase. 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, $1.06 billion worth of Bitcoin options expire on October 4 at 17:17 ET, according to crypto options exchange Deribit. The put/call ratio is 0.75 and the max pain (the price at which the most option buyers lose premium) is $63,000. At the same time, $280 million worth of Ethereum options expire. The put/call ratio is 0.69 and the max pain price is $2500. At the time of publication, Bitcoin is above 60.5K and Ethereum is barely above 2.3K.
