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Deribit Chief Commercial Officer: Current BTC options put/call ratio suggests bullish market

Odaily Planet Daily News: Deribit's cryptocurrency derivative options, valued at approximately $4.5 billion, expired on Friday in New York time. Deribit's Chief Business Officer, Luuk Strijers, stated that the current Put/Call Options Ratio for Bitcoin implies a bullish market signal. Strijers said, "Because there are more open bullish options than bearish options, the Put/Call Options Ratio is bullish." A Put/Call Options Ratio below 1 means that the trading volume of bullish options exceeds that of bearish options, indicating a bullish market sentiment. The Block data shows that the current Put/Call Options Ratio on Deribit is 0.49. 

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