POPA ReconBitcoin's options skew looks bearish – but not because traders are aggressively paying for protection.
Bitcoin's options skew looks bearish – but not because traders are aggressively paying for protection. While downside IV is cheap, the real extreme is upside IV: an all-time low of 23%. Nobody is paying for $BTC upside anymore. Quoting @glassnode: Global markets broke to records while Bitcoin stood still. This edition traces that stillness: a theft the market slept through, bottom signals arriving through boredom and an options market priced for nothing while sentiment reacts to everything. http://x.com/i/article/2084996338773864448
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