Bitcoin Options Open Interest Decline Signals Diminished Investor Sentiment

The open interest ratio of Bitcoin options put/call has recently decreased from 0.64 to 0.56. Call open interest has fallen from $28.7 billion to $24.7 billion, while put open interest has decreased from $18.4 billion to $13.9 billion. Although the call position still dominates, the reduction in open interest across both positions suggests that market participants have largely closed their positions. This change indicates a potential increase in price volatility and a cooling investor sentiment amid uncertain market conditions.