Bitcoin options data show a clear shift in sentiment as volatility cools and downside hedging fades. The 25-Delta Risk Reversal dropped from ~18.5 to 6 vol points, signaling reduced demand for puts and growing confidence in upside exposure. Overall, the market looks more balanced, with traders shifting from defensive positioning to a more bullish outlook.
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Bitcoin options data show a clear shift in sentiment as volatility cools and downside hedging fades. The 25-Delta Risk Reversal dropped from ~18.5 to 6 vol points, signaling reduced demand for puts and growing confidence in upside exposure. Overall, the market looks more balanced, with traders shifting from defensive positioning to a more bullish outlook.
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