Matrixport: Bearish Sentiment Among BTC and ETH Options Traders is Weakening

Foresight News reported that, according to Matrixport analysis, the implied volatility of BTC and ETH options has remained negative since the end of August, indicating a continued market preference for downside risk. Bitcoin's implied volatility has consistently shown a stronger bearish sentiment, especially during mid-November, reflecting increased demand for put options under market stress. The recent stabilization has led to a slight rebound in implied volatility, but it remains below zero, suggesting that the options market is still pricing in downside risk rather than a sustained bullish reversal. However, bearish sentiment in the options market is weakening.