Bitcoin’s back in the $26,000 range, and derivatives data suggests the range will hold.
. The group is burdened with debts exceeding $3.5 billion, potentially leading to the sale of funds managed by Grayscale, including the Grayscale Bitcoin Trust .
To gauge market sentiment further, it’s also helpful to look at the options markets, as the 25% delta skew can assess whether the retest of the $25,000 has made investors more optimistic. In short, if traders expect a drop in Bitcoin’s price, the skew metric will rise above 7%, while periods of excitement typically have a negative 7% skew.The situation underwent a notable shift on Sept.
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