Options are pivotal in gauging market expectations, allowing traders to secure the right to buy (call options) or sell (put options) Bitcoin at a predetermined price. The open interest – the sum of all active option contracts – and the ratio between puts and calls can reflect the market’s sentiment and conviction. At the same time, volume underscores the immediacy of trading activity.
Building on our previous CryptoSlate analysis, the Bitcoin options market has continued to exhibit subtle shifts in sentiment since the beginning of November.
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