Skew measures implied volatility difference between puts and calls 📊⚡️. Positive = downside protection premium, negative = upside exposure 📉. Short-dated skew dropped from 18.6% to 8.4% on rebound, showing initial reaction exaggerated 💼👀. Longer maturities adjusted slower, traders chasing short-term upside but unsure of durability 🎯💰. #crypto

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