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This week has turned out to be quite a positive one, with Bitcoin, the largest digital asset, recovering from a recent drop below the $100,000 mark and surging to $107,000 once again. Given the renewed upward trend, BTC’s options market is exhibiting a pullback, which is a positive signal.
A Calmer Bitcoin Options Market
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Bitcoin has displayed significant resilience since this week began, and several on-chain metrics are starting to move into positive territory as a result of its remarkable upward performance. One of the several key metrics that has turned positive is the Bitcoin Options 25 Delta Skew.
In recent research shared on the X (formerly Twitter) platform, Glassnode, a
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