Bitcoin Traders Turn Cautious Despite Price Gains

[chainsniff]

Bitcoin climbed to $114,523 this week, but pro traders remain wary. Data from Laevitas shows the 30-day put–call skew rose to 8%, signaling a higher premium for put (sell) options as BTC failed to retake the $115,000 level. Under normal conditions, the skew ranges between –6% and 6%.
The move reflects increased hedging rather than outright bearishness, as premiums for put options on Deribit still lag behind calls. Traders appear to be bracing for volatility rather than betting on a sustained downturn.