BTC put-to-call ratio hits highest level since June 2021

Bitcoin options traders have significantly increased their positions to hedge against further price declines, according to a VanEck report cited by DL News. The report noted that the BTC put-to-call ratio recently climbed to 0.84, its highest level since June 2021. As the options market is primarily driven by institutional investors, this surge in demand for put options suggests that professional traders are focused on managing downside risk. This trend may reflect a broader risk-off sentiment stemming from macro factors such as geopolitical tensions in the Middle East, shifts in the liquidity environment, and regulatory uncertainty, the report added.