Institutional investors are fleeing in a stampede; the decline is not over. 🧐 Both the options fear index (IV) and the skewness index (Skew) have reached extreme catastrophic levels, and the market is extremely nervous, pricing in a drop below 75K or even lower. A Delta Skew of 0.15 -29.27% ​​almost signifies a panic sell-off. The negative Gamma spiral requires market makers to sell BTC in the futures market to hedge put risk. The more prices fall, the more they need to sell, creating a downward spiral. In conclusion, continue to hold short positions and avoid blindly buy the dips. greeks.live/deribit/tools/data...… twitter.com/GodotSancho/status...