The way bitcoin options are now priced suggests that the smart money is no longer worried about an extended drop in the cryptocurrency. Reports godbole17
The options market tracking bitcoin suggests that the once-overwhelming fear of an extended slide may have subsided, a sign that the worst may be behind us.
So, a positive call-put skew indicates greater demand for calls, while a negative skew implies bias for puts. A neutral or near zero skew is a sign the demand for bullish and bearish bets is balanced. "Suppose the Fed eventually chooses to ease monetary policy gradually. In that case, we may witness a gradual recovery in the market in recent months," Ardern said.
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