Bitcoin
Has mostly traded sideways since the printing of record highs over $ 110,000 last week.
The loss of upward momentum is now accompanied by signs that decrease bullish mood among market participants trading opportunities tied to Blackrock’s spot Bitcoin Exchange-Traded Fund (ETF).
This is evidenced by one year of put-call-crook, reflecting how market prices in volatility risk of putting options that provide downward protection compared to calls representing bullish bets. Negative values represent a bullish bias, while positive values suggest fear of downward.
Ibit’s one -year crookedness has jumped to almost zero from the four -month low on minus 3.8 two weeks ago, according to Data Source Market Chameleon. In other words, Ibit options are no longer chasing their heads via options.
Maybe they expect a withdrawal. Similar mood is evident in derived-listed settings where the short-lived call is weakened, which means that calls that expire in the next two weeks are on par with Puts, according to Data Source Amberdata.
Read more: Bitcoin’s $ 95K- $ 105K range in focus as $ 10b BTC Option
