Bitcoin Options Market Rebuilds Bullish Exposure, IV Falls to 40 on July 17

BTC-2.05%
According to Glassnode, on July 17, the Bitcoin options market turned constructive as implied volatility declined from 48 to 40, with the put-to-call ratio dropping to a six-month low of 0.59. Options traders are reducing downside hedges and rebuilding long positions, signaling improved market sentiment following June's volatility. Bitcoin was trading near $63,000 at the time of reporting.
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