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Crypto 'fear-greed index' at 70... Greedremains, CME BTC futures gap $1,175

Crypto data provider Alternative's self-estimated "Fear-Greed Index" fell four points from the previous day to 70. The greed phase persisted. 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, CME BTC futures, which closed the previous trading day at $67,480, opened today at $68,655, a gap of $1,175. Bitcoin is now back above $68,000, while BTC on the Binance USDT market is trading around the $68,200 mark.

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Crypto data provider Alternative's self-estimated “Fear and Greed Index” fell seven points from the previous day to 83. The fear deteriorated, but 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