{"id":49227,"date":"2025-09-24T10:01:49","date_gmt":"2025-09-24T10:01:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49227"},"modified":"2025-09-24T10:01:49","modified_gmt":"2025-09-24T10:01:49","slug":"blackrocks-bitcoin-etf-bearish-sentiment-in-ibit-stays-strong-for-two-straight-months","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49227","title":{"rendered":"BlackRock\u2019s Bitcoin ETF: Bearish Sentiment in IBIT Stays Strong for Two Straight Months"},"content":{"rendered":"<div>\n<p>Key metric tied to BlackRock&#8217;s Nasdaq-listed spot bitcoin (BTC) exchange-traded fund, IBIT, has been flashing warning signs for two straight months.<\/p>\n<p>IBIT&#8217;s one-year put-call skew, a measure of market sentiment or pessimism, flipped positive on July 25 and has remained comfortably above zero since then, according to data source <a href=\"https:\/\/marketchameleon.com\/Overview\/IBIT\/VolatilitySkew\/\">Market Chameleon<\/a>. That&#8217;s two straight months of bearish put bias.<\/p>\n<p>In other words, traders have consistently favored protective puts over bullish calls for two months, signaling a sustained cautious or risk-averse outlook.<\/p>\n<p>A similar put option bias was observed from March 8 to April 21 this year, a period marked by sharp declines in both the spot price and IBIT, primarily driven by the trade war-induced weakness on Wall Street.<\/p>\n<h2>IBIT&#8217;s uptrend has stalled<\/h2>\n<p>IBIT\u2019s price trend has stalled since July, failing multiple times to rise above the $70 level. Recently, it formed a &#8220;lower high&#8221; at $66, meaning the recent peak price was lower than the previous high near $70.<\/p>\n<p>This pattern signals weakening buying pressure and suggests that sellers are gaining strength. The formation of lower highs often indicates a potential downtrend or bearish momentum.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/e3e71f19a4174fbb868c07c8849fe22e2b5fc4f4-2854x1342.png?auto=format\" alt=\"IBIT's daily chart in candlesticks format. (TradingView\/CoinDesk)\" title=\"IBIT. (TradingView\/CoinDesk)\"><\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/24\/bitcoin-buy-the-dip-calls-surge-but-liquidity-trends-point-to-usd107k-as-potential-magnet\">Bitcoin &#8216;Buy The Dip&#8217; Calls Surge, But Liquidity Trends Point to $107K as Potential Magnet<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key metric tied to BlackRock&#8217;s Nasdaq-listed spot bitcoin (BTC) exchange-traded fund, IBIT, has been flashing warning signs for two straight months. IBIT&#8217;s one-year put-call skew, a measure of market sentiment or pessimism, flipped positive on July 25 and has remained comfortably above zero since then, according to data source Market Chameleon. That&#8217;s two straight months [&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-49227","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\/49227","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=49227"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49227\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}