According to @glassnode, the 25-delta skew (put IV minus call IV) remains positive, indicating puts are priced richer than calls, keeping downside risk embedded in options pricing, source: Glassnode, Dec 19, 2025, glassno.de/4oZf2o9. According to @glassnode, this skew profile does not resemble the pattern typically seen ahead of a clean breakout attempt, which signals a cautious market tone rather than a momentum-ready setup, source: Glassnode, Dec 19, 2025, glassno.de/4oZf2o9.

According to @glassnode, the 25-delta options skew remains positive, keeping the market in put territory (source: @glassnode, Dec 5, 2025, glassno.de/3KctQSg). According to @glassnode, this indicates options markets still price risk of prolonged bearish action (source: @glassnode, Dec 5, 2025, glassno.de/3KctQSg). According to @glassnode, the current skew profile is not the type that typically signals a breakout attempt, implying traders should not infer imminent upside from skew alone (source: @glassnode, Dec 5, 2025, glassno.de/3KctQSg).