Crypto 'Fear & Greed Index' 76... Extreme Greed Continues, Altcoin Season Index 41. Futures gap occurred.
The “fear and greed index” of cryptocurrency data provider Alternative fell by one point from the previous day to 76, according to its own estimate. Sentiment has worsened slightly, but the stage of extreme greed continues. The index is closer to 0, the more extreme the fear in the market, and closer 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%). CME BTC futures, which closed at $105,120 on the previous trading day, opened at $103,510 today, creating a $1,610 gap. The current spot BTC price is struggling at $100,000.
Meanwhile, the Altcoin Season Index of the virtual asset comprehensive information platform CoinMarketCap fell one point from the previous day to 41. 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 that of Bitcoin over the past 90 days, it is considered an altcoin season, and vice versa. The closer it is to 100, the more likely it is to be an altcoin season.