$BTC ’s 6-month outlook turns bearish 📉

The 180-day call-put skew on just hit -0.42, its most negative reading since June 2023. That means traders are paying up for downside protection, flipping long-term sentiment bearish even after only an 8% pullback from

BTC has also slipped below the Guppy moving average bands, which is a signal that bullish momentum is fading and that the downside risk is building.