Sentiment
BTC options put/call ratio
Open interest in Bitcoin put options versus calls on Deribit.
0.70
24h +0.017d +0.0430d —
Low Data as of 2026-11-08
Trend
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Range statistics
30-day high
0.70
30-day low
0.59
30-day average
0.65
Position in 30-day range
100%
90-day high
0.70
90-day low
0.59
90-day average
0.65
Position in 90-day range
100%
What it measures
The ratio compares how many protective (put) contracts are open against bullish (call) contracts on the largest crypto options venue.
How to read it
Around 0.5–0.7 is typical. A rising ratio means traders are buying more downside protection; a very low ratio can signal complacent optimism.
Source: Deribit