Crypto 'Fear-Greed Index' at 47... Neutral , $66.2B worth of BTC Options Expire
Crypto data provider Alternative's self-estimated "Fear-Greed Index" rose seven points from the previous day to 47. The index moved from fear to neutral as sentiment improved. 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 cryptocurrency options exchange Deribit, $66.2 billion worth of Bitcoin options will expire at 17:00 UTC on June 28th. The put/call ratio is 0.5 and the max pain (the price at which the most option buyers lose premium) is $57,000. At the same time, $3.6 billion worth of Ethereum options expire. The put/call ratio is 0.59 and the max pain price is $3,100.
