Matrixport: The bearish sentiment in the BTC and ETH options market has eased.

According to Mars Finance, Matrixport released a chart stating that since late August, the skew of BTC and ETH options has remained in negative territory, with market pricing for downside protection being consistently dominant. The implied volatility of put options is relatively higher, and overall sentiment is cautious. In horizontal comparison, the skew of BTC is generally weaker than that of ETH. The deepening of the skew dip in mid-November reflects a market under pressure, with a noticeable increase in demand for put options and a rise in risk-averse sentiment. Although the skew has recently rebounded, it is still in negative territory, and the pricing focus of the options market remains tilted towards downside risk, with insufficient reverse pricing. The repair of the skew also indicates that pessimistic sentiment is cooling, and the bearishness of the market has somewhat eased.