What to know:
- So, early Thursday, CoinDesk decided to play the role of the market’s mood ring, reporting a shift from bullish to neutral on BlackRock’s spot bitcoin ETF. Talk about a rollercoaster! 🎢
- By the end of the day, the market sentiment was like a sad puppy, turning slightly bearish with a positive put-call skew of 0.2%. Poor little guy! 🐶
- IBIT took a nosedive, falling 1.32% to $59.99 on Thursday. Ouch! That’s gotta hurt! 💔
So, early Thursday, CoinDesk was all sunshine and rainbows, reporting a bullish-to-neutral shift in sentiment for BlackRock’s spot bitcoin exchange-traded fund (ETF). But by the end of the day, it was like someone let the air out of the balloon—sentiment turned slightly bearish. 🎈
The one-year put-call skew, which is basically the market’s way of saying, “Hey, we’re worried about volatility!” turned slightly positive to 0.2%, according to our buddy Market Chameleon. 🦎
In layman’s terms, the day wrapped up with protective put options trading at a slight premium compared to calls. It’s like putting a seatbelt on a rollercoaster—better safe than sorry! 🎢
IBIT fell 1.32% to $59.99 on Thursday, while also registering a net inflow of $125 million. That’s the lowest single-day tally since May 13. Looks like the party’s over, folks! 🎉
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2025-05-30 16:02