The $BTC options market just saw a major sentiment shift. The 25 Delta Skew flipped dramatically over the past week, indicating growing caution. In just a week, the 1-week skew surged from -2.6% to +10.1%, while the 1-month skew went from -2.2% to +4.9%. This shift suggests a clear risk-off mentality, with traders either hedging or betting on short-term downside. We’re now nearing the skew levels we saw right before Liberation Day and we all know what came next. Looks like the mood is changing from risk-on to risk-off. Will history repeat itself?
