Ethereum options trading volume has reached an all-time high of $17.9 billion this month.
According to data provided by GreeksLive, about 932,000 ETH options expired on multiple centralized derivatives exchanges on Friday.
According to the platform, open interest in Ether options had a 0.31 put-call ratio at Friday's expiration.
It should be noted that a put-call ratio below 0.7 is usually considered a sign of bullish market sentiment, whereas a put-call ratio above 1 is usually considered indicative of bearish sentiment.
In the event that the put-call ratio is less than one, this indicates there are more calls than puts, indicating a predominantly bullish sentiment in the market.