The decline isn't over yet, and institutions are betting $BTC Saturday's "stampede" and a complete "bearish" outlook 🧐 Despite a price rebound, options data suggests that institutional traders believe the decline isn't over and are preparing for the weekend. IV remains close to 100%, and tomorrow's 0.15 Delta Skew will reach -40.19, indicating that institutions believe liquidity will worsen over the weekend, leading to a stampede during the decline. The scatter plot shows a large number of large-volume puts targeting March 27th and April 24th. The subtext is a complete "bearish" outlook. It's worth noting that the previous pain point for settlement at this time was 95K. greeks.live/deribit/tools/data...… twitter.com/GodotSancho/status...