According to @glassnode, the 25 delta skew for Bitcoin options has shifted back to the 15–20% range after a rejection at the 75K level. This indicates renewed demand for downside protection, as evidenced by higher put premiums, signaling increased caution among traders following the failed breakout.

According to @GreeksLive, ETH briefly fell to 4000 yesterday, breaking multiple technical indicators and shifting risk pricing in derivatives. According to @GreeksLive, implied volatility across major tenors changed little, but options skew flipped toward puts with put premiums substantially exceeding calls, signaling heightened downside risk. According to @GreeksLive, overall options volume did not spike, yet market makers moved into gamma amplification territory and some purchased protective puts. According to @GreeksLive, options traders remain focused on downside risks, with a sustained break below key supports and the 4000 psychological level viewed as a strongly negative signal that could force bear market repricing in options. According to @GreeksLive, BTC shows a similar setup but the market expects lower BTC volatility and more consolidation, with ETH technical indicators carrying greater weight. According to @GreeksLive, the market stays optimistic on the fourth quarter with positioning already underway, while current options flows emphasize short term risk hedging.