Traders aren’t panicking yet despite cooling crypto sentiment

Traders aren’t panicking yet despite cooling crypto sentiment

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

Bitcoin BTC$83,000.50, ether ETH$2,663.79 and other major cryptocurrencies have come under pressure since the uptrend hit a wall last Monday.

The usual next question is whether this has traders scrambling to buy crash insurance.

That’s evident from skew, an options market metric that tracks the spread between what traders pay for downside puts and what they pay for upside calls.

A sudden put bid would mean puts getting much more expensive than calls.

But yes, calls are no longer in demand as they were a week ago, a sign that bullish sentiment has cooled.

Data analytics firm Laeviats calls it skew reversion not a put bid.

“The 1.98v week-over-week move on BTC 7d skew to -0.45v sits at the 92nd percentile of its 52-week range against a -4.41v median, so downside remains historically cheap even after calls have given up their premium,” it said in an explainer on X.

Analiz: Piyasa hareketliliği devam ediyor.