The current prices of Bitcoin, Ethereum, and top altcoins are decreasing. Bitcoin is hovering around $60,000 while still trying to recover from the significant losses on June 24 when it dropped to around $50,000.<\/p>\n
Despite the price movements, traders are showing optimism for the future. According to Kaiko, a crypto analytics platform, the put-to-call ratio for both Bitcoin and Ethereum decreased in June following a brief increase in May.<\/p>\n
The put-call ratio is a key metric used to assess market sentiment by dividing the total trading volume of put options by call options.<\/p>\n
In options trading, “puts” are contracts betting on price decreases, while “calls” are for price increases. A rising put-call ratio indicates a belief among traders that prices will fall as more puts are being purchased.<\/p>\n
Kaiko data reveals that the Bitcoin put-call ratio rose from 0.2 in April to above 1 in May, showing more bearish sentiment anticipating price drops. However, after recovering from lows in early June, the ratio dropped to around 0.5, indicating weakening confidence as prices failed to exceed $72,000.<\/p>\n
Similar trends were observed in Ethereum, with the put-call ratio decreasing due to anticipation surrounding spot Ethereum exchange-traded funds (ETFs) launch in the United States.<\/p>\n
While the drop in the put-call ratio signals a reduction in bearish bets for ETH, some short-term pessimism may persist as Ethereum trades below $3,700, still performing better than Bitcoin.<\/p>\n
To see a bullish trend, Ethereum needs to surpass $3,700 convincingly. The introduction of spot Ethereum ETFs could act as a catalyst for this upward momentum and provide regulatory clarity and support for the second-largest cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"
The current prices of Bitcoin, Ethereum, and top altcoins are decreasing. Bitcoin is hovering around $60,000 while still trying to recover from the significant losses on June 24 when it dropped to around $50,000. Bitcoin And Ethereum Put-Call Ratio Decline Despite the price movements, traders are showing optimism for the future. According to Kaiko, a […]<\/p>\n","protected":false},"author":1,"featured_media":14594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin And Ethereum Traders Less Bearish, Put-Call Ratio Dropping in June - Bitrabo","description":"The current prices of Bitcoin, Ethereum, and top altcoins are decreasing. Bitcoin is hovering around $60,000 while still trying to recover from the significant"},"footnotes":""},"categories":[316],"tags":[1467,3692,448,3977,768,1431,5408,5406,1210,5407,976],"class_list":["post-14593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bearish","tag-bets","tag-bitcoin","tag-cool","tag-ethereum","tag-june","tag-put-call","tag-putcall","tag-ratio","tag-retreating","tag-traders"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/14593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=14593"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/14593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/14594"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=14593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=14593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=14593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}