Bitcoin skew hits yearly lows with 25-delta calls outpacing puts; $78009.7 price tests upper Bollinger at $78555 amid EMA50 support at $72575.

BTC 25-delta skew normalizes with 1D at +1.4% and 7D at +0.4% while term structure flattens at $65941.22 price.

Glassnode reports BTC options skew asymmetry with front-end put-skewed and longer tenors showing call premium, signaling near-term hedging amid strength.

According to @GreeksLive, overall options volatility has risen and skew has hit new lows, reflecting major players’ concern that BTC’s downward trend may be difficult to halt. According to @GreeksLive, put options continue to dominate flow, with the top five positions all being puts, underscoring persistent demand for downside hedging.

According to @glassnode, the volume put call ratio and divergence across option skews confirm real upside demand concentrated in front-end expiries, with flows focused in short-dated crypto options while risk was not repriced across maturities. source: @glassnode tweet https://twitter.com/glassnode/status/2014655280198373525 According to @glassnode, this indicates upside buying pressure in near-term maturities while longer-dated implied volatility and skew remained anchored relative to the front end. source: @glassnode tweet https://twitter.com/glassnode/status/2014655280198373525, source: glassno.de/4pXThWi

According to glassnode on X on Dec 12, 2025, the Federal Reserve delivered the expected rate cut while the pace of future cuts remains uncertain, and the market reaction is visible through volatility, skew, and options flow. According to glassnode, traders should read the move by tracking changes in implied volatility, shifts in skew that reflect demand for downside versus upside protection, and options flow that reveals positioning and hedging across crypto derivatives. According to glassnode, these derivatives metrics provide the fastest signal of how macro policy is being repriced in the crypto market and can guide short-term risk management and entries.

According to Glassnode, BTC retested and broke the 100K level in line with options market expectations, signaling a key breakout event for derivatives traders (source: Glassnode on X, Nov 14, 2025). According to Glassnode, the market reaction is being assessed through implied volatility, call-put skew, and options flow to interpret current positioning and risk transfer after the move (source: Glassnode on X, Nov 14, 2025). According to Glassnode, traders should focus on how volatility, skew, and options flow evolve post-breakout to gauge near-term momentum and hedging pressure in BTC (source: Glassnode on X, Nov 14, 2025).