Bitcoin Options Traders Reduce Hedges Ahead of July Fed Decision, Put/Call Ratio Falls to 0.52

BTC-0.79%
According to Glassnode, Bitcoin options traders have significantly reduced their put hedging positions ahead of the July Fed decision, with the put/call ratio falling to 0.52 from 0.76 at the end of June. Large investors are actively accumulating $70,000 worth of call options, indicating strengthened expectations for short-term upward price movement and a shift away from defensive positioning toward bullish bets.
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