Bitcoin’s (BTC) options market is showing bias for weakness over six months for the first time since early March as the U.S. debt ceiling drama continues.
The six-month call-put skew, which measures the difference between what investors are willing to pay for bullish calls and bearish puts expiring in 180 days, has declined to -1, the lowest since March 13, according to data from leading crypto options exchange Deribit, tracked by Amberdata.
Puts refer to a type of option that increases in value as prices of the underlying asset fall. This gives their holder the right, but not the obligation, to sell an asset at a predetermined date at a specific price, effectively allowing them to bet against whichever asset that put option tracks.
The one-week, one- and three-month
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