Options Skew

Bitcoin and ether have come under pressure after the recent uptrend stalled, cooling demand for upside exposure. Options-market signals suggest traders are hedging more than before, but not yet pricing a crash or deep sell-off.

Bitcoin slipped back after briefly trading above $64,000, but the token remains up about 6% for the week as the market absorbed Strategy’s large BTC sale. Derivatives signals, higher oil prices after a Strait of Hormuz attack and renewed Asian tech weakness are shaping the next test for the rebound.