Bitcoin’s Option Market Is Now Skewed Bullish – CoinDesk – CoinDesk


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.

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



READ SOURCE

READ  ONFO is helping the unbanked participate in modern commerce: An interview with J.R. Forsyth - Crypto Daily

LEAVE A REPLY

Please enter your comment!
Please enter your name here