BTC Options Bullish Signal Turns

After the large options expiration on December 26, the put-to-call open interest ratio jumped from 0.5 to 0.78, once boosting the weight on the put side. However, recent bullish position building has reversed the situation—additional call options have lowered this ratio, which is now hovering around 0.71. This shift is quite interesting: from a previous bearish tilt, the market is now beginning to lean bullish again, reflecting a clear change in trader sentiment in the short term. A lower ratio indicates relatively stronger bullish options; the current level of 0.71 suggests that the bulls have already taken the lead. The future trend depends on whether this momentum can be sustained.