Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows?

For the past 17 days, Bitcoin (

As displayed above, the options delta 25% skew has recently flirted with excessive optimism, as on May 7 the protective put options were trading at a 7% discount relative to similar neutral-to-bullish call options.

Still, the trend quickly reverted as the Bitcoin price tested levels below $28,000. Currently, this is a balanced risk appetite according to BTC options pricing, as the 25% delta skew indicator stands near 0%.

Bitcoin options and futures markets suggest that pro traders are less confident, favoring sideways trading. Thus, traders should not flip bearish due to weakening derivatives indicators.

In other words, if there was enough conviction that $28,000 would become resistance, one would expect a much higher appetite for risk-averse put options and a negative BTC futures premium, or “backwardation.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.