Coinspeaker
Analysis: Key Indicators Signal Long-Term Strength for Bitcoin
Bitcoin (BTC) has had a tough August, with its price dropping more than 13% to as low as $50,000 in just the first few days. This decline is due to several factors, including the unwinding of the yen, carry trades and concerns about the US economy.
Despite this, two key indicators suggest BTC could be strong in the long run.
Positive Outlook from Long-Term Options
One positive sign is the sustained optimism in Bitcoin’s long-term options market. Data tracked by cryptocurrency platform Amberdata shows that Bitcoin’s 180-day call-put skew remains high, indicating confidence in its price strength over the next six months. This skew measures the demand for call options versus put options. A positive skew means investors are paying more for calls, reflecting a belief that Bitcoin price will rise.
Call options allow investors to buy Bitcoin at a set price in the future, while put options let them sell
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