Bitcoin 'Skew' Slides as Oil Prices Surge 6% on Israel-Iran Tensions

Bitcoin's BTC hort-term options skew crashed during the early Asian hours as traders sought downside protection amid escalating tensions in the Middle East, which triggered a sharp rise in oil pricesThe seven-day skew, which measures the relative richness of Deribit-listed BTC calls to puts, slid to -3.84%, the lowest since April 16, according to data source Amberdata. In other words, put options offering downside protection became the most expensive relative to calls in three months. The demand for put also pushed the 30-day and 60-day skews into the negative territory source: https://www.coindesk.com/markets/2025/06/13/bitcoin-skew-slides-as-oil-prices-surges-6-on-israel-iran-tensions