Crypto 'Fear-Greed Index' 73...Greed Continues, $1.25 Billion Worth of BTC Options Expire Today

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose two points from the previous day to 73. The greed phase persisted. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. 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, According to crypto options exchange Deribit, $12.5 billion worth of Bitcoin options expire on October 18 at 17:00 ET. The put/call ratio is 0.85 and the max pain (the price at which the most option buyers lose premium) is $64,000. At the same time, $3.64 billion worth of Ethereum options expire. The put/call ratio is 0.62 and the max pain price is $2,500.