Crypto 'Fear-Greed Index' 76... Extreme Greed Continues, Largest Gap This Year

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell two points from the previous day to 76. While sentiment deteriorated slightly, the extreme greed phase persists. The index is a measure of extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme optimism. The Fear and 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 $77,360, opened today at $81,210, a gap of $3,850. This is the largest CME futures gap of the year.