Analysis: Bitcoin bullish sentiment cools, but options market shows no panic hedging yet

Odaily reports that as major crypto assets such as Bitcoin and Ethereum have come under recent pressure, market bullish sentiment has cooled somewhat, but the options market has yet to show clear signs of panic hedging. Data shows that Bitcoin's 7-day Skew has dropped to -0.45 volatility points. Although the price advantage of put options relative to call options has widened somewhat, it remains notably below the typical level of about -4.41 over the past year, meaning put option prices are still at relatively low levels. 10x Research noted that demand for put options has risen recently, but it is currently difficult to determine whether this is short-term hedging or the market entering a new phase. (CoinDesk)