Bitcoin’s options put/call open interest ratio just dropped to 0.52.
It was sitting at 0.76 back in late June.
That means traders are positioning with significantly fewer puts relative to calls.
In plain terms: the options market is looking a lot less defensive than it was a month ago.
Whether this reflects genuine conviction or just short-term optimism is the real question.
Glassnode data doesn’t lie the skew has clearly shifted.
#Bitcoin #Options #Crypto #Glassnode $BTC
It was sitting at 0.76 back in late June.
That means traders are positioning with significantly fewer puts relative to calls.
In plain terms: the options market is looking a lot less defensive than it was a month ago.
Whether this reflects genuine conviction or just short-term optimism is the real question.
Glassnode data doesn’t lie the skew has clearly shifted.
#Bitcoin #Options #Crypto #Glassnode $BTC