BTC
ETH
SOL
USDT
USDC
XRP
TRX
BNB
DOGE
TON
More Assets
Description
The Bull–Bear Index (BBI) measures whether traders allocate more capital to call options (bullish) or put options (bearish). It is calculated as the difference between call and put premiums from buyers, normalized by their sum. A value of 1 indicates only call option buyers (strongly bullish sentiment). A value of minus 1 only put option buyers (strongly bearish sentiment). Values near the middle represent a neutral balance. The index is also segmented by options maturity: Short term (Between 0 and 30 days): near term conviction. Mid term (30 to 90 days): tactical positioning and event driven bets. Long-term (>90 days): strategic positioning and structural sentiment.
Latest Values
as of 02 Jun 2026BBI Aggregated-0.40469935
BBI Short-Term-0.5606984
BBI Mid-Term-0.13989335
BBI Long-Term-0.05491398