Traders Turn Bearish on BTC and ETH as Derive Options Data Signals Downside Risk
The post Traders Turn Bearish on BTC and ETH as Derive Options Data Signals Downside Risk appeared on BitcoinEthereumNews.com. Key highlights: Options data from Derive.xyz shows a significant tilt toward put contracts for both Bitcoin and Ether ahead of the August 29 expiry. Bitcoin put open interest is nearly five times that of calls, with traders eyeing a move below the $100K level. Despite bearish hedging, probability models still assign a 30% chance ETH ends August above $4,000. As the cryptocurrency market cools off following a strong rally in July, options traders are increasingly positioning for downside risks heading into the end of August. Data from crypto derivatives platform Derive.xyz indicates a decisive shift toward bearish sentiment, with a sharp rise in demand for put options on both Bitcoin (BTC) and Ethereum (ETH). 30 day skew has been grinding down over the last month as traders gear up for a potentially rocky August. BTC: Down from +2% to -2% (pic below)ETH: Down from +6% to -2% Negative skew means puts are more expensive than calls as traders buy up downside insurance
The post Traders Turn Bearish on BTC and ETH as Derive Options Data Signals Downside Risk appeared on BitcoinEthereumNews.com.
Key highlights: Options data from Derive.xyz shows a significant tilt toward put contracts for both Bitcoin and Ether ahead of the August 29 expiry. Bitcoin put open interest is nearly five times that of calls, with traders eyeing a move below the $100K level. Despite bearish hedging, probability models still assign a 30% chance ETH ends August above $4,000. As the cryptocurrency market cools off following a strong rally in July, options traders are increasingly positioning for downside risks heading into the end of August. Data from crypto derivatives platform Derive.xyz indicates a decisive shift toward bearish sentiment, with a sharp rise in demand for put options on both Bitcoin (BTC) and Ethereum (ETH). 30 day skew has been grinding down over the last month as traders gear up for a potentially rocky August. BTC: Down from +2% to -2% (pic below)ETH: Down from +6% to -2% Negative skew means puts are more expensive than calls as traders buy up downside insurance
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