PANews reported on May 27 that Matrixport analysis showed that Bitcoin's option skewness (the difference between the implied volatility of put options and call options) has fallen to nearly -10%. This means that the implied volatility of call options is 10% higher than that of put options, suggesting that traders are currently more focused on chasing upside rather than hedging downside risks.

As a rule of thumb, when option skewness reaches similar levels, it usually indicates that market sentiment is extremely optimistic. This extreme sentiment is often a contrarian signal, which may indicate that the short-term market is about to stagnate or face a correction. As mentioned in yesterday's report, although the bullish judgment has been maintained since mid-April, it may be the right time to gradually control risk exposure at this stage. The essence of trading is to balance risk and reward. In the context of generally bullish market sentiment, it may be a more prudent choice to remain patient and wait for more attractive entry points.