In the past 12 hours (after yesterday's downward move), the #BTC options market remains predominantly bullish in its bets.


Mainly BULL CALL SPREAD and BEAR DIAGONAL SPREAD (Calls). Although the latter is called a bearish diagonal spread, its delta is also positive, so it's considered a slightly bullish position combined with short volatility...

This approach is consistent with the previous strategy during sideways trading ranges. When the price reaches the lower boundary of the range, a bullish options combination is used.

The only oddity is the recent 3-hour 1D 25Δ Skew being quite negative, as mentioned earlier... (SKEW bearish)
BTC-2.36%
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