Extreme Fear Is Dominating Bitcoin Derivatives

[mendez]

Bitcoin’s derivatives metrics suggest traders are bracing for more downside.

The options market is heavily skewed toward puts, reflecting deep uncertainty and speculation that a major hedge fund, exchange, or market maker may have failed.
Historically, a 20% options skew doesn’t last long — but while it persists, sustained bullish momentum is unlikely.

Until fear eases in derivatives markets, Bitcoin’s upside may remain capped.

[bonk]

inverse chart patterns lining up with low-volume zones makes me think this isn’t over yet