Bitcoin: 25 Delta Skew Hits Quarterly Lows

Bitcoin options markets show front-end 25 delta skew locked at the most negative levels of the quarter, with 1D and 7D readings at -11.0% and 1M at -8.0%, underscoring sustained demand for near-term downside hedges even after the mild spot recovery.

Skew has widened across the term structure, with 3M at -7.4% and 6M at -6.3%, yet longer-dated protection remains materially cheaper than the front end, keeping downside premium concentrated in short-dated expirations.

BTC trades at $58562.71 on the 4h chart inside a bearish structure defined by EMA50 at $60832.99 and EMA200 at $65769.86. Momentum sits neutral with RSI(14) at 33.78 while MACD registers a death cross at -425.74; price is testing the lower Bollinger support at $58918.81, creating confluence where the options skew and technical resistance both point to continued near-term caution rather than a broad repricing of longer-term BTC price prediction expectations.