An indecisive options market keeps Bitcoin flat

As Bitcoin (BTC) continues to navigate between $30,000 and $31,000, the market sentiment appears divided. The derivatives market, especially the options market, reveals an intriguing pattern. Short-term delta skews suggest a slightly bullish to flat sentiment, while longer-term skews hint at an increasingly bearish outlook. But it doesn't end there... The total open interest for Bitcoin call options is significantly higher than put options, indicating more traders expect a price increase. Yet, a closer look at the open interest by strike price tells a different story, highlighting a market at a standstill. So, what's next for Bitcoin? Discover the unexpected turn of events in the full article...