The 3-month ETH call-put skew indicator turned negative for the first time since January, which may indicate a bearish market in the short term.
According to data from Amberdata and Deribit, the 3-month period ETH call-put (bullish-bearish) skew indicator showed a negative value for the first time since January earlier today, indicating a market preference for bearish options that expire after 90 days. In addition, ETH's 60-day skew indicator dropped to -3%, the lowest level since October last year, after both the 7-day and 30-day indicators declined. Meanwhile, the sentiment in the Bitcoin market remains relatively optimistic, with the bullish-bearish skew indicators for 60, 90, and 180 days all remaining positive. ETH's 180-day skew indicator also shows a slight bullish tendency. (CoinDesk)
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