Fear-Greed Index 48 'Extreme Fear to Neutral'...up 2 notches overnight, Bitcoin options expire today

Crypto data provider Alternative's self-estimated Fear-Greed Index rose 28 points from the previous day to 48. The improved sentiment moved the index from extreme fear to neutral in a single day. The index is measured by the Fear-Greed Index, which reads close to zero to indicate extreme fear in the market, and close to 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%).

According to crypto options exchange Deribit, $1.94 billion worth of Bitcoin options expire on August 9th. The put/call ratio is 0.7 and the max pain (the price at which the most option buyers lose premium) is $60,000. At the same time, $5.5 billion worth of Ethereum options expire. The put/call ratio is 0.95 and the max pain price is $2,900.