Opinion: Bitcoin Options Premiums Indicate Market Expects a Volatility Contraction Phase

According to a report by Jinse Finance, Glassnode released a chart showing that last Friday, Bitcoin options premiums hit a record high of approximately $226 million, with about 69% being call options. This indicates that both bulls and bears were repricing risk. By Monday, the premium had plummeted to around $18 million, with put options dominated by selling and call options remaining largely unchanged—suggesting a weakening in protective demand. The market now tends to believe it is entering a stabilization or volatility contraction phase.