Ethereum

Cryptocurrency

Bitcoin

According to Deribit Commercial Director Luuk Strijers, the Bitcoin market is showing signs of a downward trend. Strijers pointed to the put-call ratio of Bitcoin options as an important indicator of this trend.
The put-call ratio is a measure of the trading volume of put options relative to call options. The increase in the number of put options compared to call options in the open positions of Bitcoin options may be a sign of decline before the expiration date on Friday, according to analysts.
Strijers explained that the put-call ratio for Bitcoin options across all maturities is currently 0.44. However, focusing on tomorrow's expiry, the ratio is set at 0.52, indicating a greater number of puts compared to calls. “This indicates a bearish trend for Bitcoin options expiration this month compared to the general trend in open contracts,” Strijers said.
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The analyst added that this rate shows that the market expects a short-term decline for Bitcoin and investors are using put options to hedge. “However, they think the long term is relatively more upside,” he added.
Strijers also commented on the trading options skew for longer-term 30 and 60-day Ethereum options. He said this value remained slightly negative but was close to zero. Strijers concluded his words as follows:
<blockquote>
 “This indicates that put options are more expensive than call options, indicating a slightly bearish outlook for longer-term maturities.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptocurrency-exchange-executive-says-bitcoin-signals-a-downward-trend-explains-why/" rel="noopener noreferrer nofollow">Cryptocurrency Exchange Executive Says Bitcoin Signals a Downward Trend, Explains Why</a>

Cryptocurrency Exchange Executive Says Bitcoin Signals a Downward Trend, Explains Why

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