BTC derivatives support the bearish argument for Bitcoin tumbling to $14K.
Bitcoin buyers' demand using leverage are yet to be seen
Still, the lack of demand for leverage buyers does not necessarily indicate traders expect an immediate adverse price action. For this reason, one should analyze$8K dive or $22K rebound? Bitcoin traders anticipate Q1 BTC price actionThe 25% delta skew is a telling sign when market makers and arbitrage desks are overcharging for upside or downside protection.
As the 30-day delta skew stands at 18%, both options and futures markets point to pro traders fearing that the $16,100 support will likely be tested.
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