Deribit's Bitcoin options 30-day delta skew has spiked to 12%, reaching a four-month high, as reported by Cointelegraph. This metric, representing the put-call ratio, indicates a heightened demand for protective put options over bullish call options, suggesting investor fear. A delta skew above 10% often signals extreme market anxiety. However, historical data suggests this might not necessarily foreshadow a prolonged bear market. On April 7th, a similar spike to 13% preceded a temporary BTC price dip below $74,500. Subsequently, Bitcoin rebounded strongly, exceeding $100,000 within a month. While the elevated delta skew reflects current market uncertainty, particularly given macroeconomic headwinds and regulatory concerns, it's crucial to remember that such indicators aren't definitive predictors. Savvy investors may interpret this "fear signal" as a potential buying opportunity, anticipating a future price recovery. The Bitcoin bull market may not be over yet. ```

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