Crypto 'Fear-Greed Index' at 74...extreme greed to greed, with $14.3 billion worth of BTC options expiring today

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell two points from the previous day to 74. The index shifted from the extreme greed to greed stage as investor sentiment cooled. 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, $14.3 billion worth of Bitcoin options expire on May 24, according to crypto options exchange Deribit. The put/call ratio is 0.88 and the max pain (the price at which the most option buyers lose premium) is $67,000. At the same time, $1.1 billion worth of Ethereum options expire. The put/call ratio is 0.57 and the max pain price is $3,200.