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Viewpoint: Bitcoin options premium indicates that the market tends to believe it will enter a volatility contraction phase.
BlockBeats news, on August 19, glassnode published that last Friday’s Bitcoin options premium reached a record of approximately 226 million USD (of which about 69% were call options), indicating that both bulls and bears are repricing risks. By Monday, the premium suddenly dropped to around 18 million USD, with put options dominating the sell side, while call options remained basically flat—indicating weakened protective demand; the market tends to believe it will enter a stabilization/volatility contraction phase.