Bitcoin’s Options Market Shows Strongest Bullish Mood on Record

[Jentot]

Bitcoin’s Options Market Shows Strongest Bullish Mood on Record

Bitcoin’s options market is in the midst of its strongest bullish sentiment on record as the cryptocurrency rallies to three-year highs.

The six-month put-call skew, or the spread between prices claimed by put options and call options expiring in six months, fell to a life-time low of -21.6% early Thursday, according to data source Skew.

A call option gives the holder the right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date. A put option gives the right to sell.

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