Bitcoin Skew Turns More Defensive as Options Demand Rises
Bitcoin’s seven-day skew fell to -0.45 volatility points, while put options remained relatively inexpensive despite stronger demand for downside protection.
Bitcoin (BTC) options pricing has turned more defensive as bullish sentiment cools across major crypto assets, but traders have not shown widespread panic hedging.
Bitcoin’s seven-day skew fell to -0.45 volatility points. Put options gained a pricing advantage over call options, indicating stronger demand for downside protection as BTC and Ether (ETH) faced recent pressure.
The move marks a shift in options sentiment after earlier signs of cooling bullishness, but put options remain relatively inexpensive. That suggests traders have increased hedging demand without making a broad rush into downside protection.
The latest move could reflect short-term hedging or the market entering a new phase. The available data do not establish which explanation is driving the change.
