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Buy The Dip? Bitcoin Traders Are Buying More Downside Protection, Options Data Shows

Buy The Dip? Bitcoin Traders Are Buying More Downside Protection, Options Data Shows



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  1. tldr; Short-term put options on bitcoin, or bearish bets, are drawing higher prices than calls, or bullish bets. The one-week “put-call skew,” which measures this dynamic, has jumped to 26%, the highest since Oct. 2, according to data provider Skew. Bitcoin tumbled 6.3% on Sunday, the biggest single-day decline in almost two months, after disruptions at coal plants in China knocked out bitcoin miners.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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