Bitcoin's put-call ratio (PCR) sits at 0.701 which tells us that more people are buying call options than put options.
For reference purposes, we can use the standards used in equities as follows:
Rising PCR, greater than .7 or exceeding 1 = Bearish
Falling PCR, below .7 and approaching .5 = Bullish
Looking inside the market can give us clues about its future direction. Put/call ratios provide us with an excellent window into what investors are doing.
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