POPA Recon$BTC has slipped back to $62.6K, unwinding much of July’s rebound and returning to the lower end of its range. Yet options positioning is…
$BTC has slipped back to $62.6K, unwinding much of July’s rebound and returning to the lower end of its range. Yet options positioning is rebuilding while implied volatility remains subdued, signalling continued market complacency. Short-dated ATM volatility has fallen sharply, with 1-week IV near 34% versus ~42% at six months. The steepening term structure signals muted near-term risk, but persistent uncertainty further out. https://glassno.de/4pLcTOQ Call OI has rebounded to ~$23B while put OI sits near ~$11B, pulling the put/call ratio towards 0.5. Positioning remains call-heavy, signalli…
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