Bitcoin options traders hedge downside as uncertainty lingers, Anchorage says (opens original article in a new tab)

Bitcoin options traders are hedging against downside risks with elevated put skew, while Anchorage Digital notes unusual implied volatility patterns and cautious investor sentiment towards Strategy despite its stock decline.

• Bitcoin options traders are heavily hedging against downside risks with elevated put skew in Deribit and IBIT markets
• Anchorage Digital reports Bitcoin options markets show higher implied volatility for the next week than the next month, indicating near-term risk focus
• Strategy's stock (MSTR) remains down 78% over the past year but options market stress levels are below previous corrections
• Bitcoin options 30-day/7-day implied volatility ratio inversion is attributed to macroeconomic, geopolitical, and crypto-specific catalysts