POPA Recon$BTC options are turning less defensive as put/call ratios and short-dated skew fall, while volatility stays compressed.
$BTC options are turning less defensive as put/call ratios and short-dated skew fall, while volatility stays compressed. Here's what BTC options data reveals about positioning, volatility, and sentiment beneath the surface.👇 The $BTC options OI put/call ratio has fallen sharply to ~0.52, down from ~0.76 in late June. Call open interest is gaining share relative to puts, signalling an unwind in defensive positioning as price stabilises near $67K. https://glassno.de/4wDxt6J $BTC ATM implied volatility remains compressed across the curve, with 1W at 34.3% versus 6M at 40.8%. The upward-sloping…
The excerpt is quoted from a public Telegram channel, which owns its text.