Crypto 'Fear-Greed Index' at 66... Sentiment improves, $11.4 billion worth of BTC options expire
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose 11 points from the previous day to 66. The greed phase continued with improved sentiment. The index indicates 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, $1.14 billion worth of Bitcoin options expire around 10:00 a.m. on May 10, 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 $62,000. At the same time, $8.3 billion worth of Ethereum options expire. The put/call ratio is 0.74 and the max pain price is $3,050.
