According to Skew data, the put / call ratio of bitcoin options contracts has reached 1.42, the highest point since mid-December. Options contracts provide a unique risk sensitivity to the derivatives market because it allows traders to opt out of positions based on changing market trends. This "opt-out" can be either a buy or a sell. As Bitcoin's put / call ratio exceeds 1, more traders choose contracts that are entitled to sell, rather than contracts that are entitled to buy. Another explanation is that the number of traders choosing to buy has fallen compared to those who have the right to sell.