Bitcoin options traders are dropping their hedges going into the Fed meeting
CoinDesk·
60-second summary
Bitcoin options traders are aggressively reducing their hedges ahead of the Federal Reserve meeting, with the put/call ratio plummeting to 0.52 from 0.76 in late June and one-week downside protection collapsing in price. This shift indicates a growing optimism in the market, positioning it for a potentially quiet week despite the FOMC decision's uncertainty.
The put/call ratio has fallen to about 0.52 from 0.76 in late June, and one-week downside protection has collapsed in price. The options market is positioned for a quiet week that contains an FOMC decision.