coin-img-ETHETH-6.25%coin-img-XRPXRP-11.36%coin-img-SOLSOL-6.39%coin-img-BTCBTC-4.26%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-4.67%coin-img-DOGEDOGE-5.60%coin-img-SUISUI-6.84%coin-img-ETHETH-6.25%coin-img-XRPXRP-11.36%coin-img-SOLSOL-6.39%coin-img-BTCBTC-4.26%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-4.67%coin-img-DOGEDOGE-5.60%coin-img-SUISUI-6.84%coin-img-ETHETH-6.25%coin-img-XRPXRP-11.36%coin-img-SOLSOL-6.39%coin-img-BTCBTC-4.26%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-4.67%coin-img-DOGEDOGE-5.60%coin-img-SUISUI-6.84%coin-img-ETHETH-6.25%coin-img-XRPXRP-11.36%coin-img-SOLSOL-6.39%coin-img-BTCBTC-4.26%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-4.67%coin-img-DOGEDOGE-5.60%coin-img-SUISUI-6.84%

Bitcoin options tilt bullish as call premiums top crash hedges for first time in a year

AI Market Summary
Bitcoin options positioning has turned more constructive: Reuters notes the 25-delta skew flipped positive on Aug. 20, indicating traders are paying more for upside calls than downside crash protection for the first time in a year. Calls represent 61.39% of options open interest (305,530 BTC vs 192,126 BTC puts). Elevated futures open interest (~676,820 BTC) suggests leveraged participation remains high, increasing sensitivity to moves.
Impact level
● Medium
Affected assets
BTC/USDT-3.92%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin options traders are paying more for upside exposure than for downside protection for the first time in 12 months, Reuters reported. The 25-delta skew turned positive on Aug. 20. Calls now account for 61.39% of options open interest, totaling 305,530 BTC, versus 192,126 BTC in puts. Futures open interest stands at 676,820 BTC, or about $52.64 billion. In the spot market, bitcoin remains stuck near $78,000, roughly $50,000 below its October 2025 peak.
Selected
BTC
BTC-4.22%
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