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ANDY andy in India ✌️【Part-Time Opportunities】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!Crypto tradersinitial worries about a hawkish Fedmaterialized Wednesday as Chairman Jerome Powell cut interest rates but expressed uncertainty about the speed and extent of future easing.

ANDY andy in India ✌️【Part-Time Opportunities】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!And now the sentiment has deteriorated.Bitcoin's seven-day call-put skew shows that Deribit-listed put options offering downside protection and expiring in one week are trading at the highest implied volatility premium to call options since September, according to data source Amberdata.

In other words, put options are the most expensive relative to calls in three months.Its a sign of traders scrambling to hedge their bullish bets against a potential continuation of Wednesday's price slide, triggered by a hawkish Fed.The dour sentiment is also evident from the negative one-month skew, reflecting a bias for puts and a significantly weaker call bias in options ranging from two to six months.

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