Every edition since June lows tracked the same quiet process — traders closing
#Shorts and letting downside protection expire 📈🟢💪.
The tape has now caught up loudly with 1W 25-Delta
#Skew collapsing to its cheapest level in months 🔴. Downside protection being abandoned fastest at the front of the curve with the move running through the 1M tenor as well — options market sentiment shifting decisively away from bearish hedging toward a more constructive and bullish positioning regime ⚡️🎯👀
#Crypto