Analysis: The Delta skew of Bitcoin 30-day Options has surged, indicating that the market is in a state of extreme panic.

According to BlockBeats news on August 20, data from Deribit shows that the 30-day Bitcoin Options Delta skew (put-call) has surged to 12%, reaching the highest level in over four months. Under neutral circumstances, this indicator typically fluctuates between -6% and +6%, reflecting the balanced pricing of bullish (buy) and bearish (sell) options. A level above 10% indicates extreme market panic, but such situations rarely persist. Previously, the Delta deviation soared to 13% on April 7, when Bitcoin first fell below $74,500 in five months. Subsequently, risk-taking investors earned a 40% return in the following month, with Bitcoin rising to $104,150 on May 8. Cointelegraph analysis indicates there is no evidence that the Bitcoin bull run has ended. Traders’ fears often exceed rational expectations. In fact, this crypto asset may even benefit from potential outflows from the stock market, suggesting that the current turbulence does not negate the market’s long-term bullish trend.