COINOTAG News reported on September 8 that on-chain analytics firm Glassnode highlighted a rise in the Bitcoin 25Delta Skew Index (1‑month), which reached a historic high. The move reflects elevated demand for downside protection in one‑month options markets, as measured by skew dynamics and premium differentials between puts and calls.
Market participants interpret the rising skew not solely as a bearish directional signal but as evidence of active institutional hedging and risk‑management flows. The expansion of Bitcoin ETFs and Digital Asset Trusts (DATs) has coincided with institutions seeking exposure while deploying put options to control downside risk, affecting options liquidity and implied volatility term structure.