【Analysis: Bitcoin's 30-day options Delta skew has surged, indicating the market is in extreme fear】 According to Golden Finance reports and Deribit data, Bitcoin's 30-day options Delta skew (put-call) has surged to 12%, reaching its highest level in over four months. Under neutral conditions, this indicator typically fluctuates between -6% and +6%, reflecting the balanced pricing of call (buy) and put (sell) options. Levels above 10% indicate extreme fear in the market, although such situations are rarely sustained. Previously, the Delta deviation surged to 13% on April 7, when Bitcoin fell below $74,500 for the first time in five months. Subsequently, investors willing to take risks gained 40% in the following month as Bitcoin rose to $104,150 on May 8. Cointelegraph analysis indicates no evidence that Bitcoin's bull market has ended. Traders' fear often exceeds rational expectations. In fact, this cryptocurrency may even benefit from potential outflows from the stock market, suggesting that the current turmoil does not offset the market's long-term bullish trend.
