Bitcoin Option Traders Now Betting on Short-Term Price Drop: Author – CFR

Reported By: CryptoFundReport.com

CoinDesk – With bitcoin looking heavy this week, short-term sentiment in the options market has flipped bearish.  Reflecting the downward trend, the one-month put-call skew for bitcoin options, a metric that measures the price of (bearish) put options relative to (bullish) call options, has risen to 4.9%, according to data provided by crypto derivatives research firm Skew.

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