Crypto 'Fear-Greed Index' at 57... Greed Continues, Gaps Open in Bitcoin Price on CME Basis

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose one point to 57 from the previous day. The greed phase continued with a slight improvement in confidence. 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 $60,950, opened today at $61,465, a gap of $515, requiring investor caution.