Cointelegraph reports a significant drop in the BTC futures premium, hitting a three-month low. The 2-month annualized premium, typically between 5-15% in neutral market conditions, dipped below 4% on the 19th, a level lower than when BTC experienced a 10% drop in April. This decline suggests a shift in market sentiment. The BTC options skew, currently at 5% (borderline neutral to bearish), further supports this notion. This contrasts sharply with the bullish sentiment observed earlier this month when Bitcoin surged from $105,500 to $110,500. Traders appear to be expressing disappointment with Bitcoin's recent price action, influencing futures premiums and options skew. This situation warrants close monitoring to determine potential future market trends. Is this a temporary dip or a sign of a larger correction? ```

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