{"id":29210,"date":"2025-05-29T11:47:00","date_gmt":"2025-05-29T11:47:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29210"},"modified":"2025-05-29T11:47:00","modified_gmt":"2025-05-29T11:47:00","slug":"has-bitcoin-peaked-blackrock-btc-spot-etf-traders-lose-appetite-for-upside","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29210","title":{"rendered":"Has Bitcoin Peaked? BlackRock BTC Spot ETF Traders Lose Appetite for Upside"},"content":{"rendered":"<div>\n<p>Bitcoin BTC has mostly traded sideways since printing record highs above $110,000 last week.<\/p>\n<p>The loss of upward momentum is now accompanied by signs waning bullish sentiment among market participants trading options tied to BlackRock&#8217;s spot bitcoin exchange-traded fund (ETF).<\/p>\n<p>That&#8217;s evident from the one-year put-call skew, which reflects how the market prices in volatility risk for put options, offering downside protection relative to calls, representing bullish bets. Negative values represent a bullish bias while positive values suggest fears of downside.<\/p>\n<p>IBIT&#8217;s one-year skew has bounced to nearly zero from the four-month low of minus 3.8 two weeks ago, according to <a href=\"https:\/\/marketchameleon.com\/Overview\/IBIT\/VolatilitySkew\/\">data source Market Chameleon<\/a>. In other words, IBIT options traders are no longer chasing upside via options.<\/p>\n<p>Perhaps they are expecting a pullback. Similar mood is evident in Deribit-listed options where the short-term call skew has weakened, meaning calls expiring in the next two weeks are trading at par with puts, according to data source Amberdata.<\/p>\n<p><em><strong>Read more: <\/strong><a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/29\/bitcoin-s-usd95k-usd105k-price-range-in-focus-as-usd10b-btc-options-expiry-looms\">Bitcoin&#8217;s $95K-$105K Range in Focus as $10B BTC Options Expiry Looms<\/a><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin BTC has mostly traded sideways since printing record highs above $110,000 last week. The loss of upward momentum is now accompanied by signs waning bullish sentiment among market participants trading options tied to BlackRock&#8217;s spot bitcoin exchange-traded fund (ETF). That&#8217;s evident from the one-year put-call skew, which reflects how the market prices in volatility [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29210","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29210"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29210\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}