Analyst Says Ethereum Call-Put Ratio Shows Bullish Market in 2024

An increase in the number of calls relative to puts in Ethereum options open interest as the end-January expiry approaches, suggesting that many investors expect the digital asset’s price to rise, according to data from the Deribit derivatives exchange. appreciation in early 2024, one analyst said. Deribit Chief Commercial Officer Luuk Strijer told The Block: “If you look at Ethereum expiration at the end of the year, the call-put ratio is 0.44, which means approximately 4.4 puts to 10 calls. However, in January 2024, The ratio is 0.19, meaning there are roughly 2 puts for every 10 calls, which is a more bullish distribution." A call-put ratio below 1 indicates that call options are trading more than puts, which indicates bullish sentiment in the market. It is generally believed that traders who buy call options have a bullish view on the market, while traders who buy put options have a bearish view. According to The Block’s data dashboard, the Ethereum call-to-put ratio on Deribit today is 0.35.