BTC and ETH’s 7-Day Option Skew Stays Above Level Last Seen in November 2021
Intermediate
Crypto Insights
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Detailed Summary
Written By: Marcus Wang
Edited by: Charmyn Ho
Macro and Overall Risk Sentiment
The bulls have taken the upper hand in the first half of the week, with major indices testing key resistance levels. However, the weak earnings from Big Tech released post-market on Thursday may likely dampen the winning streak, where bears may fight back and pull S&P500 back to $4,100. Meanwhile, the crypto market momentum remains bullish, with both BTCUSDT and ETHUSDT gaining 2.1% and 2.5%, respectively, in the past week.