Ah, dear reader, the winds of fortune have shifted once more in the realm of Bitcoin! The data, like a capricious lover, reveals that the Bitcoin Options 25 Delta Skew has taken a bullish turn, hinting at the traders’ hopeful hearts yearning for a price rebound. Who knew that numbers could be so romantic? 💔
Bitcoin Options 25 Delta Skew: A Dance of Optimism
As the astute analysts at Glassnode have recently proclaimed on the ever-buzzing platform X, the Options 25 Delta Skew has undergone a delightful transformation, flipping to positive levels for our beloved Bitcoin. This “25 Delta Skew” serves as a barometer of sentiment among traders, much like a weather vane in a stormy sea.
As the graph reveals, the Bitcoin Options 25 Delta Skew languished below the 0% mark for all these expiries earlier this month. Yet, in a twist worthy of a novel, a flip has occurred, with the metric now climbing to positive values across the board. How delightful! 📈
This trend is particularly pronounced in short-dated contracts. Positions expiring in one week have seen the indicator leap from -2.6% to +10.1%. Similarly, those expiring in one month have reversed from -2.2% to +4.9%. Traders, it seems, are positioning themselves for a near-term upside or perhaps a delightful bout of volatility. Will their optimism be rewarded? Only time will tell! ⏳
In other news, the ever-ambitious Strategy has completed yet another Bitcoin acquisition, as Chairman Michael Saylor proudly announced on X. The company has purchased 10,100 tokens for a staggering $1.05 billion. Now, they hold a total of 592,100 BTC, with a cost basis that could make one weep: $41.84 billion. Such extravagance! 💰
BTC Price: A Glimmer of Hope
In a slight recovery, Bitcoin has returned to a price of $106,600 over the past day. A small victory in the grand saga of cryptocurrency!
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2025-06-17 08:18