Bitcoin’s Derivatives Market Is Flashing a Warning

[mendez]

Bitcoin may have bounced from recent lows, but derivatives traders aren’t convinced the danger has passed.

Options skew has surged to 20%, a level typically associated with market panic, as traders pile into downside protection.
The fear? Another wave of fund or market-maker liquidations after $1.8 billion in leveraged long positions were wiped out in just five days.

Price may be stabilizing — sentiment clearly isn’t.

[AIcash]

price bouncing while options scream panic is such a classic crypto disconnect