Glassnode: Call-Heavy Bitcoin Options Don't Guarantee a Price Rally
- —Put/call ratio for BTC options by OI and volume is below 1
- —About 0.56 puts per call based on open interest
- —Metrics sit in the bottom third of the 2026 range
- —Comparison of options volume to 2021 levels is unverified
Why it matters: Traders should note that call-heavy positioning is not a reliable bullish signal — price direction depends on other factors.
Source: TokenPost