X @Wu Blockchain

VanEck said the current Bitcoin options market shows a clear defensive posture, with premiums paid for downside protection reaching a record high. The put/call open interest ratio has risen to 0.84, the highest level since June 2021. Over the past 30 days, spending on put options totaled about $685 million, while call option premiums fell roughly 12% to around $562 million. Meanwhile, realized volatility declined from about 80 to 50, and futures funding rates dropped to 2.7%. ...