BTC Options Sentiment Improves as 1-Week Skew Drops to 7% While Long-Term Protection Demand Persists

Short-term BTC options skew falls to 7%, easing panic signals. However, long-term skew stays at 10%-12%, and call open interest hits $15B, indicating sustained hedging needs.

Woofun AI data shows that Bitcoin options market sentiment is strengthening, evidenced by a significant decline in short-term downward skew. The 1-week 25 Delta Skew has decreased to approximately 7%, reflecting reduced recent panic. Conversely, skew for longer durations remains between 10% and 12%, signaling persistent demand for downside protection. Current outstanding BTC call option value stands at roughly $15 billion, surpassing put options valued at around $10 billion. Recent funding activity concentrates within the $61,000 to $67,000 per BTC range, with notable buying pressure on $65,000 calls. Glassnode indicates a shift toward bullish positioning while risk hedging remains active.