Crypto 'Fear-Greed Index' at 52...turns neutral, CME futures gap higher

Crypto data provider Alternative's self-estimated 'Fear-Greed Index' rose to 52, up 19 points from the previous day. The index moved from fear to neutral as sentiment improved. The index is based on a scale of 0 to indicate extreme fear in the market, and 100 to indicate 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, CME BTC futures, which closed the previous trading day at $57,845, opened today at $60,985, a gap of $3,140.