Bitcoin put options, derivatives offering downside protection, continue to become pricier, implying bearish sentiment. The price volatility may rise as major exchanges, including Deribit, are due to settle monthly options on Friday. The three-month put-call skew, which measures the cost of puts relative to calls, has turned positive, hit a 6-week high of 3%, according to data provided by the crypto derivatives research firm Skew. The positive number shows that put options are drawing higher prices or demand than calls or bullish bets. At the start of the month, the three-month gauge stood at -5%, indicating a bullish ... (full story)