Bitcoin’s Options Market Is Now Skewed Bullish Across All Time Frames

Bitcoin’s Options Market Is Now Skewed Bullish Across All Time Frames
Bitcoin’s options contracts used to hedge spot and futures market exposure are exhibiting bullish sentiment across all time frames in a sign of confidence in the cryptocurrency’s price rally.The one-week and one-, three- and six-month put-call skews are hovering below zero, indicating calls – or bullish bets – are drawing higher prices than puts, which are bearish bets.The one-week and one-month metrics have recently flipped bullish, having seen positive values greater than 10% in the past month. Back then, traders sought short-dated downside protection on concerns the instability in China’s property industry and risk aversion in traditional markets would drag…