TechFlow News, June 19: According to an analysis published by Glassnode, data shows that put purchases accounted for 28% of total premium volume in the options market over the past seven days, continuing to dominate active trading volume; put sales accounted for 26.8%, and call purchases accounted for 24.1%. Overall fund flows remain skewed toward downside protection rather than upside exposure.
Meanwhile, implied volatility has cooled, protective demand is trending toward normalization, and call demand remains relatively weak; current realized volatility exceeds implied volatility, Bitcoin’s price is hovering near a critical bearish gamma cluster zone, and defensive positioning around key support levels continues.