Cryp2Nova

Comparison Options ETH Put Call Ratio

Ethereum

The ratio of open put contracts to call contracts for ETH on Deribit.

Why it matters

A one-number read on positioning: protection-heavy or upside-heavy.

How it is built

Open interest in puts divided by open interest in calls.

What to watch

Extremes are contrarian more often than confirming — a market maximally hedged has already sold, and one maximally long calls has little fuel left.

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