Ether’s one-month call-put skew, an options market measure of sentiment, has turned negative, hinting at the relative richness of puts, or options used to protect against bearish price trends. The 60-day gauge has also flipped in favor of put options, while the 90-day and 180-day metrics remain positive, according to crypto options flow on Deribit tracked by Amberdata. Deribit is the world’s leading cryptocurrency options exchange, accounting for over 85% of the global activity.
Source: https://www.coindesk.com/markets/2024/03/12/ether-put-demand-signals-weakness-after-4k-price-breakout/?utm_medium=referral&utm_source=rss&utm_campaign=headlines