Crypto 'Fear & Greed Index' 76, $8.41 billion worth of BTC options expiry Altcoin Season Index at 46
The 'Fear & Greed Index' of cryptocurrency data provider Alternative rose 6 points from the previous day to 76. The mood has improved and has shifted from greed to extreme greed. The closer the index is to 0, the more extreme the fear in the market, and the closer it is to 100, the more extreme the optimism. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap share (10%), and Google search volume (10%).
Meanwhile, according to Deribit, a cryptocurrency options exchange, $841 million worth of Bitcoin options will expire at 5:00 p.m. on January 31, Korean time. The put/call ratio is 0.68, and the max pain price is $98,000. At the same time, Ethereum options worth $1.96 billion will also expire. The put/call ratio is 0.43, and the price of Maxpain is $3,300.
In addition, the altcoin season index of CoinMarketCap, a comprehensive information platform for virtual assets, recorded 46, the same as the previous day at 9:30 a.m. Korean time. The Altcoin Seasonal Index is calculated by comparing the price volatility between the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) and Bitcoin. If the rate of increase of 75% of the top 100 coins is higher than the rate of increase of Bitcoin over the past 90 days, it is considered to be an altcoin season, and vice versa, it is considered to be a Bitcoin season. The closer it is to 100, the more likely it is to be an altcoin season.
