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Coin World News reports that according to Wu Shuo Blockchain's tweet: A VanEck report shows that the Bitcoin options market presents significant defensive characteristics, with premiums paid by investors for downside protection reaching an all-time high. The put/call open interest ratio has risen to 0.84, the highest level since June 2021. Historical data shows that similar option skew typically appears at cyclical lows, with corresponding Bitcoin average gains of approximately 13% over 90 days and approximately 133% over 360 days in the past six years.