Bitcoin put demand remains muted despite weakness

Bitcoin has been showing weakness, but the options market has yet to show clear positioning for a full-blown sell-off, CoinDesk reported. Traders have not shown signs of aggressively buying protective put options. BTC’s seven-day skew, which reflects the price gap between put and call options, has declined recently, but put options are still not trading at historically significant premiums. 10x Research said put demand has been rising, while adding it remains unclear whether that reflects short-term hedging or a broader shift in market structure. The report added that Bitcoin’s implied volatility is near cycle lows while realized volatility is higher, suggesting some options are still trading at relatively low prices. From a technical perspective, $82,813 is being watched as a key support level. Holding that level could leave room for further gains, while a break below it could point to a deeper correction.