In anticipation of the expiration of bitcoin options, "Fear Index" reaches extreme levels

Against the backdrop of a big decrease in bitcoin prices, the index of Fear and Greed Index dropped to 24, which implies an extreme degree of investor anxiety.

source: https://alternative.me/crypto/fear-and-greed-index/

The instrument requires into consideration variables such as volatility, market dynamics, volumes of trading, social media trends, information from different research, the BTC dominance index, and information from Google Trends.

The sharp market decline occurred in the run-up to the expiry of the Bitcoin options on the Deribit and LedgerX exchanges, as well as the CME futures.