The main metric tied to the area listed in the NASDAQ listed in Blackrock The funds exchanged by the exchange, Ibit, glistening warning signs within two straight months.
Ibit’s one-year put-call skew, a scale of market or pessimism, flipped positively on July 25 and remained comfortable above zero since, according to data source Market Chameleon. Those are two straight bearish months that put bias.
In other words, entrepreneurs continue to favor the protection put bullish calls for two months, signing a sustainable or dangerous-a-gerse view.
A similar bias of the bias of the choice was observed from March 8 to April 21 this year, a period marked by sharp decline in the same price of the area and Ibit, which is primarily driven by the weakness of the trade war on Wall Street.
Ibit’s uptrend stares
Ibit’s price trend has been stuck since July, several times rising above the level of $ 70. Recently, it has formed a “lower high” to $ 66, which means that the recent price of climax is lower than the past high near $ 70.
This pattern weakens the pressure purchase and suggests that sellers gain strength. Developing lower highs often indicates a potential downtrend or bearish momentum.
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