**Market Signals Suggest Bitcoin Traders Increasingly Hedging Against Downside Risks**
Recent market data analysis reveals a significant shift in how traders view Bitcoin's near-term prospects. The implied volatility structure for Bitcoin options demonstrates that hedging behavior has intensified, with pricing now reflecting considerably higher downside risk premiums compared to previous weeks.
**Short-Term Volatility Skew Signals Growing Caution**
The most striking change appears in the short-duration options market. The volatility skew has expanded sharply—moving from approximately -3.5% to