Analysis · Nov 3, 2026 13:46 UTC

options skew is underpricing spot-led moves

ETHEREUM daily trend
ETHEREUM daily trend

A clean chart can hide a crowded trade.

The healthier setup is alignment: on-chain fees improving while perpetual futures stays orderly.

Put beside current chatter on “Bitcoin price threatens $77.7K support loss with recent buyers underwater,” the incentive problem looks clearer.

The healthier setup is alignment: options skew improving while spot ETFs stays orderly.

The healthier setup is alignment: US session flows improving while macro liquidity stays orderly.

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