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Bearish Speculation Looms Among Bitcoin Option Traders

Lily Yang

Summary: According to data provided by crypto derivatives research firm Skew, a  metric measuring the price of put (bearish) options relative to that of call (bullish) options has shot up to 4.9% on July 16.  The price of BTC decreased to $9076 compared with $9450 last week, closing at the lower end of the trading range. ...

According to data provided by crypto derivatives research firm Skew, a  metric measuring the price of put (bearish) options relative to that of call (bullish) options has shot up to 4.9% on July 16. 

The price of BTC decreased to $9076 compared with $9450 last week, closing at the lower end of the trading range.

These numbers could suggest that traders are betting the downside or are hedging against a possible price drop, as analyzed by a senior trader at QCP Capital Shaun Phoon.

By Lily Yang

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