Crypto 'Fear-Greed Index' 79... Greed to extreme greed. 12.2 billion in Bitcoin options expire today

Crypto data provider Alternative's self-estimated "Fear-Greed Index" rose to 79, up 9 points from the previous day. The improved sentiment has shifted from the greed stage to the extreme greed stage. 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 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, $12.2 billion worth of Bitcoin options expire on April 5 at 17:00 ET, according to crypto options exchange Deribit. The put/call ratio is 0.64 and the max pain (the price at which the most option buyers lose premium) is $68,000. At the same time, $8.9 billion worth of Ethereum options expire. The put/call ratio is 0.38 and the max pain price is $3,400.