Bitcoin Heads for Record 8-Week Losing Streak

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Put/call ratios for bitcoin open interest hit a 12-month high of 0.72 Thursday, research firm Delphi said in a note Friday, adding that the data indicated “bearish sentiment among investors.” Similar ratio levels were reached last May. (A put option is, generally speaking, a bet on a price decline, while a call option is a bet on upside.)

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