BTC options put/call ratio falls, signaling easing defensive sentiment

Put/call open interest ratios in the Bitcoin options market and short-term skew, the gap in implied volatility between put and call options, have declined, indicating investors are easing defensive positioning, according to on-chain analytics firm Glassnode. Glassnode said BTC options OI put/call ratios recently fell to around 0.52 from about 0.76 in late June, suggesting defensive positions are gradually unwinding as the share of call options rises relative to puts and BTC prices stabilize near $67,000.