Crypto traders are preparing for potential price declines in Bitcoin and ETH. Open interest in Bitcoin put options with an Aug. 29 expiry date is nearly five times higher than call options. Options skew, a measure comparing the cost of puts to calls, has shifted from +2% to -2%.

Crypto traders are preparing for potential price declines in Bitcoin and ETH. Open interest in Bitcoin put options with an Aug. 29 expiry date is nearly five times higher than call options. Options skew, a measure comparing the cost of puts to calls, has shifted from +2% to -2%.

Source: https://cryptoslate.com/bitcoin-and-ethereum-traders-prepare-for-august-slump-as-put-options-dominate/