Bitcoin Eyes $50K Less Than A Month After BTC P...

The increase in open interest towards March 2022 around $50k-$70k strike price levels reflects a shift in investors\u2019 behavior since the phenomenon coincides with decreasing put prices. Put prices tend to increase when bitcoin drops as investors use options to hedge their spot positions. However, put premiums become less expensive relative to calls, once the price settles down. Bitcoin\u2019s 3-month 25D Skew shows that puts are less expensive as the metric trends downward while bitcoin holds the $42k support level. The shift in the trend coupled with the higher open interest redirected towards higher strike prices reflects less hedging behavior as investors begin to speculate over higher prices.

Bitcoin eyes $50K less than a month after BTC p...

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