Glassnode said in a post on X that Bitcoin’s options put-to-call ratio has dropped to around 0.59, near its lowest level in six months. The firm said the reading points to a firm shift in market positioning toward bullish exposure.
Glassnode also said BTC has been stabilizing around $64,000, and traders appear to be cutting downside hedges while rebuilding upside exposure. In its view, that marks a constructive change in market sentiment. The update focuses on options positioning rather than spot flow, highlighting how derivatives traders are adjusting exposure as price holds near that level. No additional figures or timeframe beyond the six-month reference were provided in the post.
Glassnode said in a post on X that BTC’s options put-to-call ratio has fallen to around 0.59, near a six-month low.
The firm said the move signals a firm shift in market positioning toward bullish exposure. It added that as BTC stabilizes around $64,000, traders appear to be reducing downside hedges and rebuilding upside exposure, which it described as a constructive change in sentiment.
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