Bitcoin 'Skew' Slides as Oil Prices Surge 6% on Israel-Iran Tensions #BTCPrediction
Bitcoin's price fell to its 50-day simple moving average, while oil prices surged due to geopolitical tensions.
what you should know
Bitcoin's short-term options skew dropped significantly as traders sought downside protection amid Middle East tensions.
The seven-day skew fell to its lowest since April, indicating increased demand for put options over calls.
Bitcoin's price fell to its 50-day simple moving average, while oil prices surged due to geopolitical tensions.