The ratio between call and put options on Bitcoin options expiring today could be a negative indicator for Bitcoin.
Luuk Strijers, COO of Deribit, one of the largest derivative exchanges in the crypto industry, said that the buy-sell ratio between all Bitcoin options, regardless of maturity, is is 0.44 explained.
“If we look at (Friday’s) expiration, the rate rises to 0.52, which shows that there are more sales than purchases.” said Strijers, “This is different from the general trend in open contracts for Bitcoin options expiring this month. a bearish attitude “It indicates that it is.” he added.
According to Deribit COO, the ratio between call and put options is increasing investors’ interest in Bitcoin price. expected to decline in the short term means.
In the research report published by the financial service platform Matrixport, the price of Bitcoin It may fall below 37 thousand dollars was stated.
Strijers, “But investors see slightly more upside in the long term.” he commented.