VanEck Report: Bitcoin Options Put/Call Ratio Surges to 0.84, Hitting Five-Year High

BTC-0,18%

Gate News reports that on March 20th, VanEck’s latest on-chain Bitcoin report showed that Bitcoin options traders’ bearish sentiment has risen to its highest level in five years. Data indicates that last month, the put/call ratio peaked at 0.84, with an average of 0.77, placing it in the most bearish 9% since mid-2019. The total open interest in options contracts exceeded $33 billion, with put option premiums reaching an all-time high, indicating that institutional investors are heavily buying downside protection.

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