Bitcoin Options Skew Highlights Potential for Short-Term Pullback

Recent analysis of the Bitcoin options market suggests an extreme level of optimism, potentially signaling a short-term pullback. The Bitcoin options skew, which measures the relative cost of buying protection against a price drop (put options) versus betting on a price increase (call options), has reached a level not typically seen in recent history. This indicates traders are heavily favoring a bullish outlook for Bitcoin prices.