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Comparison Options Open Interest Put Call Ratio

Bitcoin

The ratio of open put option contracts to open call option contracts for BTC across tracked options exchanges.

Why it matters

To gauge overall options market sentiment and positioning bias toward bearish or bullish bets.

How it is built

Dividing total open interest in BTC put contracts by total open interest in BTC call contracts.

What to watch

A ratio above 1 suggests bearish positioning dominates, while a ratio below 1 suggests bullish positioning dominates; extreme readings can also signal hedging activity or contrarian turning points.

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