Options
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.
asset id - BTC, ETH, BNB, SOL, XRP
since, unix timestamp
until, unix timestamp
frequency interval - 24h
format - csv, json
jsonPossible values: timestamp format - unix or humanized (RFC 3339)
unixPossible values: Successful response
Bad Request - Invalid parameters or unsupported asset
Unauthorized - Invalid or missing API key
Too Many Requests - Rate limit exceeded
GET /v1/metrics/options/bull_bear_index HTTP/1.1
Host: api.glassnode.com
Accept: */*
[
{
"t": 1726790400,
"o": {
"bbi_all": 0.5170905344546507,
"bbi_long_maturity": 0.816725381508063,
"bbi_mid_maturity": 0.5553851733344433,
"bbi_short_maturity": 0.2869427375617236
}
}
]The Options Net Premium Strike Heatmap visualizes the net cumulated premium flows of options traders across strike prices and time, offering insight into market positioning and sentiment. This metric aggregates daily net premiums (premium paid as a buyer minus premium received as a seller) across strike buckets, and displays them as a heatmap overlaid with the underlying asset’s spot price. Blue/green tones indicate net buying activity (net call buyers above spot, net put buyers below spot), while red tones indicate net selling activity (net call sellers above spot, net put sellers below spot).\n\n By examining the distribution of net premium across strikes, traders can identify key price levels that could act as magnets, resistance zones, or areas of heightened risk. Because options positioning can reflect forward-looking market views, this visualization helps anticipate where traders expect significant price action. For example, clusters of net call buying (blue) above the current spot may signal anticipated upside, whereas net selling (red) at higher strikes may suggest perceived resistance.
asset id - BTC, ETH, BNB, SOL, XRP
frequency interval - 24h
format - csv, json
jsonPossible values: period - 1y. See https://api.glassnode.com/v1/metadata/metric?path=/v1/metrics/options/premiums_strike_heatmap for a full list of periods.
timestamp format - unix or humanized (RFC 3339)
unixPossible values: Successful response
Bad Request - Invalid parameters or unsupported asset
Unauthorized - Invalid or missing API key
Too Many Requests - Rate limit exceeded
GET /v1/metrics/options/premiums_strike_heatmap HTTP/1.1
Host: api.glassnode.com
Accept: */*
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