ETH Options Trading Signals Strong Bullish Sentiment as Put/Call Ratios Hit Lows

Glassnode’s latest analysis, shared on the X platform on June 12 and reported by COINOTAG, highlights a sustained bullish outlook on Ethereum (ETH) through options market activity. The data reveals that the put/call open interest ratio is holding near a historic low of 0.43, while the put/call volume ratio has declined to 0.63. This dynamic indicates a clear preference among traders for call options, reflecting increased confidence in ETH’s potential price appreciation. Such metrics are critical for investors as they signal growing speculative demand for upside exposure, reinforcing positive market sentiment. These insights from options trading provide a valuable lens into investor behavior, underscoring the strengthening momentum behind ETH in the current market environment.