The 3-month ETH call-put skew indicator turned negative for the first time since January, which may indicate a bearish market in the short term.

Odaily News According to data from Amberdata and Deribit, the 3-month ETH call-put skew indicator turned negative for the first time since January earlier today, indicating that the market prefers put options that expire in 90 days. In addition, ETH's 60-day skew indicator fell to -3%, the lowest level since October last year, after both the 7-day and 30-day indicators fell. Meanwhile, sentiment in the Bitcoin market remains relatively optimistic. The 60-day, 90-day and 180-day bullish-bearish skew indicators remain positive. ETH's 180-day skew indicator also shows a slight bullish bias. (CoinDesk)