Add as a preferred source on GoogleBitcoin and Ether Options Show Rising Demand for Downside Hedges
Puts led high-volume contracts as 25-delta skew rose across several expirations. Bitcoin briefly fell to $76,400, its lowest level since Sept. 18.
On Oct. 30, options tied to Bitcoin (BTC) and Ether (ETH) showed stronger demand for downside protection, with puts dominating leading contracts by volume as skew climbed across several expirations.
The latest rise in skew across several expirations adds to earlier signs of defensive positioning in Bitcoin options.
Bitcoin touched $76,400, its lowest level since Sept. 18, before rebounding. Ether fell to $2,170 and later recovered to about $2,220. Nasdaq 100 futures fell 2.3%, adding pressure across markets.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.