According to one analyst, bitcoin options are signaling a bullish sentiment post-halving, evidenced by the strike positioning and put-call ratio for the end-of-month expiry in June.

"The June expiry is a good gauge for halving sentiment and our charts shows much more upside positioning. The put-call ratio is significantly lower in June, at 0.28 versus 0.55 for March, and strike positioning is also higher," Deribit Chief Commercial Officer Luuk Strijers told The Block.

A put-call ratio of less than 1 implies bullish sentiment, indicating more interest in potential upside (calls). In contrast to this, a put-call ratio greater than 1 typically suggests bearish sentiment, indicating more interest in downside protection (puts).