Bitcoin options market short, probability of falling below $80000 expected increases

With the continuous outflow of funds from spot Bitcoin ETFs, the Bitcoin options market has released a bearish signal, and the market's expectation of BTC falling below $80000 has increased. The Bitcoin options delta skew indicator once rose to 17%, reaching a new high in over a year, significantly higher than the level usually not exceeding 6% in a neutral market, reflecting extreme risk aversion. In addition, the total open interest contracts of Bitcoin futures have dropped to $46 billion, a significant decrease from the high of $58 billion three months ago, indicating that excessive leverage is gradually being cleared. Analysis suggests that whether Bitcoin can regain its position above $87000 may depend on the market's risk appetite rebounding after macroeconomic uncertainty eases.