š Bitcoin traders strengthen protection against drops even after Fed rate cut
š¢ Positive scenario?
The Federal Reserve cut the interest rate by 25 basis points this week and signaled another 50 basis points of easing by the end of the year.
The SEC presented a new model to accelerate approvals for cryptocurrency ETFs.
š All of this is generally bullish for BTC. But...
š“ The options market says otherwise
According to Deribit, the largest crypto options exchange in the world:
The skew of options is negative across all timeframes (7, 30, 60, and 90 days).
This indicates that puts (protection against drops) are being traded at a premium ā that is, more expensive and more in demand than calls (bullish bets).
The DVOL volatility index is at 24%, the lowest in 2 years, showing calm... but perhaps misleading.
š§ What does this mean?
Even with positive macro signals (Fed + ETFs):
Investors are cautious and protecting themselves against drops.
Part of the optimism may have already been priced in before the Fed's decision.
The market is āon holdā for a new macro or crypto catalyst.
šÆ Strategies in play
šø Put buying: fear of correction.
šø Covered calls: traders sell calls against spot positions to generate income ā a strategy that puts pressure on the upside (limits gains).
š¬ āBTC options are behaving more like those of the S&P 500. This shows maturity ā and caution,ā said Sirah Farik (Deribit).
š Conclusion
The posture of institutional traders is one of sophisticated caution, even in a more favorable monetary policy environment.
The market is positioned to avoid losses, not to aggressively exploit highs ā for now.
Suggested hashtags (for post):
#bitcoin #Deribit #BTCOptions #Fed #CryptoETFs #Skew
#volatilidade #CriptoMercado