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Bitcoin’s Option Market Is Now Skewed Bullish

Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move. 

The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options.

With the combination of negative skews and a rising put-call open interest ratio, bitcoin’s latest move above $10,000 looks like it can be sustained.

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