In a surprising turn of events, despite the potential for exacerbating downward pressure on Bitcoin, such as the announcement by Mt. Gox trustee to repay debts in Bitcoin and BCH in July, and the German authorities seizing 50,000 bitcoins worth over $2.1 billion from pirate activities, the put-call ratio for Bitcoin options continues to show optimistic trends. Analysts point out that with the expiration of Bitcoin weekly, monthly, and quarterly options on Friday (June 28th), derivative market indicators continue to display bullish sentiment towards Bitcoin.
