Crypto 'Fear-Greed Index' at 74... Greed continues, with $11.8 billion worth of BTC options expiring today
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 74. The greed phase continued as confidence improved. 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, $11.8 billion worth of Bitcoin options expire on May 17, according to crypto options exchange Deribit. The put/call ratio is 0.62 and the max pain (the price at which the most option buyers lose premium) is $63,000. At the same time, $9.3 billion worth of Ethereum options expire. The put/call ratio is 0.28 and the max pain price is $3,000.
