Analyst: The long-to-short ratio of Bitcoin options remains optimistic ahead of the June quarterly expiry
ChainCatcher news, according to The Block, despite the developments that may exacerbate the downside risks for Bitcoin, such as the Mt. Gox trustee announcing the repayment of debts in Bitcoin and BCH in July, and German authorities seizing over $2.1 billion worth of 50,000 Bitcoins from pirate activities, the put-call ratio for Bitcoin options remains optimistic. Analysts point out that with the expiration of Bitcoin weekly, monthly, and quarterly options this Friday (June 28), derivatives market indicators continue to show bullish sentiment towards Bitcoin.Cube.Exchange CEO Bartosz Lipinski stated that the number of call options far exceeds that of put options, especially at price levels above $65,000, which reflects more of the bullish sentiment from the beginning of the month rather than the current market conditions. Bitfinex analysts also noted that the put-call ratio at the end of June's quarterly expiration was 0.53, indicating a widespread bullish sentiment among traders.