The BTC Block options market saw a large number of puts traded
Bitcoin's decline continues and market confidence is continuing to wane. The Block options market saw a large number of puts traded today, accounting for nearly 30% of the total, with $280 million traded in BTC Block Put and $90 million traded in ETH Block Put.
In terms of options data, the major term Skews are all veering in a bearish and implied volatility is slightly higher. Overall, the options market's expectations for the future are skewed toward short-term negativity.
There are no expected positive events in the near term and September has been a weaker month as well, with market sentiment currently more subdued.
In terms of options data, the major term Skews are all veering in a bearish and implied volatility is slightly higher. Overall, the options market's expectations for the future are skewed toward short-term negativity.
There are no expected positive events in the near term and September has been a weaker month as well, with market sentiment currently more subdued.
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