I see that people are still panic betting on Bitcoin options despite the recovery that has taken place. It's like that lingering fear, you know? The premium remains there, inflated.

Some folks are rotating positions around, trying to hedge themselves, but the sentiment is still somewhat pessimistic. Even with BTC bouncing back from its lows, the crowd isn't letting go of the brakes on the options.

It's interesting to see how the market remains somewhat distrustful even when the price improves. The panic premium persists, which shows that not everyone believes the recovery is real.