Bitcoin Put/Call Ratio Drops to 0.52 as Traders Cut Hedges

Bitcoin options put/call ratio fell to 0.52 from 0.76, signaling reduced near-term downside protection despite low implied volatility ahead of Fed decision.

Woofun AI data shows that Bitcoin options traders have significantly decreased their downside hedging positions since late June, causing the put/call open interest ratio to decline from 0.76 to approximately 0.52. Short-term options reveal lower demand for immediate protection compared to contracts with 3 to 6-month maturities, indicating expectations of a stable market this week while maintaining hedges against future volatility. Implied volatility remains subdued across all tenors with an upward-sloping term structure, leaving limited buffer if the Federal Reserve's Wednesday rate decision exceeds market expectations.