[Matrixport: Bitcoin Options Pricing Indicates Rising Hedging Sentiment] Matrixport released a chart showing that over the past week, the implied volatility skew of Bitcoin options has weakened. The short-term skew expanded from approximately -3.5% to -10.6%, indicating increased demand for short-term downside hedging. The long-term skew decreased from approximately -0.2% to -1.9%, reflecting a more pessimistic pricing of long-tail risks. Implied volatility rose to around 58%, suggesting a higher near-term downside risk premium and a more cautious mid-term outlook. The market does not view this round of volatility as a one-off shock.