Bitcoin (BTC) traders aren't panicking yet despite cooling sentiment: Crypto Daily
Summary
Bitcoin and other major cryptocurrencies have pulled back, but options markets show no strong rush for crash protection. Bitcoin puts have become relatively more expensive as call demand faded, yet downside protection remains historically cheap. Ether calls still command a premium, though it has narrowed. Analysts say put demand has risen, but it is unclear whether this reflects short-term hedging or a broader shift; bitcoin options remain inexpensive relative to recent realized volatility. Bitcoin has also retested the $82,813 level, which may act as support or give way to a deeper pullback.
