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In fact, short-term risk reversals frequently displayed a stronger call bias than their longer-term counterparts.The latest block trades coming through on Deribit, as tracked byAmberdata, also show a bearish lean.
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Perhaps, sophisticated BTC traders are positioning for a correction.Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member.
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