Bitcoin Options Show Persistent Put Demand as Skew Eases to 16% on July 3

BTC0.66%
According to blockchain analytics firm Glassnode, Bitcoin options markets are repricing risk as BTC continues its drawdown on July 3, 2026. Put-call skew metrics remain elevated, indicating sustained demand for downside hedging, though pressure has eased. The one-week 25-delta put-call skew declined to approximately 16% from roughly 25% ten days earlier, according to data from Velo and Deribit. Similar patterns persist across longer maturities, with one-, three-, and six-month skews also showing put premiums of around 10% or higher, suggesting downside risk concerns remain embedded in the term structure despite partial price recovery from $58,000.
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