Bullish sentiment in the crypto market has softened as major assets including Bitcoin and Ethereum remain under pressure, but the options market is not yet showing clear signs of panic hedging. According to the data cited in the report, Bitcoin’s 7-day skew fell to -0.45 volatility points. That suggests put options have become relatively more expensive than calls, yet the move remains far below the roughly -4.41 level seen as typical over the past year. In other words, put pricing is still relatively low by recent historical standards. 10x Research said demand for put options has picked up lately, though it is still too early to determine whether that reflects short-term hedging activity or the start of a new market phase. The report was cited by CoinDesk and carried by Odaily.
Bullish sentiment around crypto has cooled as major assets such as Bitcoin and Ethereum have come under pressure in recent trading, but the options market has not yet shown obvious signs of panic hedging.
Data cited in the report showed Bitcoin’s 7-day skew fell to -0.45 volatility points. While put options have gained a wider pricing premium over call options, that reading remains well below the roughly -4.41 level that has been typical over the past year, indicating that put prices are still relatively low.
10x Research said demand for put options has risen recently, but it is still difficult to tell whether that reflects short-term hedging or a shift into a new market phase.
The report cited CoinDesk as the source.
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