QCP: BTC call options have shown higher demand than put options, but option skewness may turn down again

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According to ChainCatcher, Bitcoin rebounded by over 5% from below $83,000 after the Federal Reserve announced a slowdown in balance sheet reduction, briefly breaking through $87,000.

QCP Capital analysts pointed out that trader sentiment is turning bullish, as call options have become more expensive or there is higher demand for call options compared to put options, which contrasts with the situation earlier this week. However, Greg Magadini, Derivatives Director at Amberdata, believes that macroeconomic uncertainty still exists, and option skew may turn bearish again. (Note: "Skew" refers to the volatility difference between put and call options in the options market).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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