Bitcoin Options Put/Call Ratio Hits 6-Month Low at 0.59 as Market Sentiment Turns Positive

BTC-1.77%
According to Glassnode data, Bitcoin options market sentiment has turned positive as the Put/Call ratio fell to 0.59, hitting a 6-month low. This indicates traders are reducing downside hedges. Meanwhile, Bitcoin's implied volatility index (DVOL) declined from 48 to 40, suggesting panic premiums accumulated in June are partially receding, though uncertainty remains above May lows. BTC is currently trading near $63,000.
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