This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW looks at a few explanations for the current bearish sentiment turn, including:A belief that a bubble is finally burstingA larger market shift to risk-off based on inflation concerns and expectations around shifting monetary policyA normal crypto “micro-cycle”See also: The Elon Effect: How … [Read more...] about Just How Bearish Are the Bitcoin and Crypto Communities?
Bearish
Bitcoin CME Futures Slip Into ‘Backwardation’ as Bearish Sentiment Grips Market
Bitcoin futures listed on the Chicago Mercantile Exchange (CME) have slipped into ‘backwardation,’ a market condition that represents declining institutional appetite for the cryptocurrency.Data tracked by Skew shows backwardation represented by futures drawing lower prices than the spot prices emerged on Monday with the one-month contract slipping to an annualized discount of … [Read more...] about Bitcoin CME Futures Slip Into ‘Backwardation’ as Bearish Sentiment Grips Market
Market Wrap: Cryptocurrency Sell-Off Pauses as Sentiment Turns Bearish
Cryptocurrencies were mostly lower on Monday, although market conditions have stabilized following the weekend sell-off. Bitcoin was trading above its 200-day moving average (currently at $46,386), which suggests selling pressure could wane over the short term.Analysts pointed out that excess leverage in the bitcoin futures market contributed to the broad sell-off. And despite … [Read more...] about Market Wrap: Cryptocurrency Sell-Off Pauses as Sentiment Turns Bearish
Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
Bitcoin’s six-month put-call skew, which measures the cost of puts – or bearish bets – relative to calls (bullish bets), has turned positive for the first time since the crash in May, indicating heightened concerns of an extended downside move. Source link … [Read more...] about Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry
Bitcoin put options, derivatives offering downside protection, continue to become pricier, implying bearish sentiment. The price volatility may rise as major exchanges, including Deribit, are due to settle monthly options on Friday.The three-month put-call skew, which measures the cost of puts relative to calls, has turned positive, hit a 6-week high of 3%, according to data … [Read more...] about Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry