Glassnode data shows a clear shift in Bitcoin options positioning after BTC broke higher. Across maturities, 25-delta call implied volatility has remained above put implied volatility, pointing to stronger demand for upside exposure than downside protection. At the same time, skew across the full term structure has fallen to its lowest level of the year, while front-end skew has moved into negative territory. According to Glassnode, the change suggests investors are paying a premium to gain bullish exposure to Bitcoin. The update was cited by Techub News and attributed to Glassnode.
Glassnode data says that after Bitcoin pushed higher, 25-delta call implied volatility across maturities kept trading above put implied volatility.
Skew across the full term structure has fallen to its lowest point this year, and front-end skew has flipped negative. That move suggests investors are paying a premium for upside exposure to BTC.
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