glassnode 8/7 data: BTC bullish options open interest is about $15 billion, far exceeding bearish options at $10 billion; 1-week 25 Delta Skew falls to 7%, easing panic.
Long-term skew is still stuck at 10%–12%, and some downside protection hasn’t been removed. If you ask me, this is “bullish talk on the mouth, insurance firmly in hand”—if the bulls really have confidence, why not move the stop-loss further out? 😇
$BTC $ETH
Long-term skew is still stuck at 10%–12%, and some downside protection hasn’t been removed. If you ask me, this is “bullish talk on the mouth, insurance firmly in hand”—if the bulls really have confidence, why not move the stop-loss further out? 😇
$BTC $ETH