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Cryptocurrencies: 4426 / Markets: 24745
Market Cap: $ 356 697 069 152 / 24h Vol: $ 88 654 080 920 / BTC Dominance: 60.9462%

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Bitcoin’s Option Market Is Now Skewed Bullish

Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move.

The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options.

With the combination of negative skews and a rising put-call open interest ratio, bitcoin’s latest move above $10,000 looks like it can be sustained.

See also: Deribit Reports Daily Record $539M of Bitcoin Options Traded, More Than Double Prior High

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