Analyst: Prior to the end of the quarter in June, the long-short ratio of Bitcoin options remains optimistic

Despite developments that could potentially exacerbate the downside risk of Bitcoin, such as the announcement by Mt. Gox trustee to repay debts in Bitcoin and BCH in July, and German authorities seizing 50,000 Bitcoins worth over $2.1 billion from pirate activities, the put-call ratio of Bitcoin options remains optimistic. Analysts pointed out that with the expiration of weekly, monthly and quarterly Bitcoin options this Friday (June 28), derivatives market indicators continue to show bullish sentiment for Bitcoin.

Bartosz Lipinski, CEO of Cube.Exchange, said that there are far more call options than put options, especially at prices above $65,000. This reflects more on the bullish sentiment at the beginning of the month rather than current market conditions. Bitfinex analysts also noted that at end-June quarter expiry time ,the put-call ratio was 0.53 indicating a prevalent bullish sentiment among traders.