Crypto 'Fear-Greed Index' at 70... Sentiment deteriorates slightly, $62.3 billion in Bitcoin options expire on April 26th

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell two points from the previous day to 70. The greed phase persisted, although fear deteriorated slightly. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. 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, $62.3 billion worth of Bitcoin options are set to expire on April 26 at 17:00 ET, according to crypto options exchange Deribit. The put/call ratio is 0.68 and the max pain (the price at which the most option buyers lose premium) is $61,000. At the same time, $3.1 billion worth of Ethereum options expire. The put/call ratio is 0.51 and the max pain price is $3,100.