Bitcoin’s 6-month outlook is flashing bearish signals. The 180-day call-put skew on Deribit is -0.42, the lowest since June 2023, according to Amberdata. That flip into put premium shows traders are paying up for downside protection. BTC has also broken below key moving average bands, hinting at a potential trend reversal. All eyes now turn to Powell’s Jackson Hole speech, where even a “by-the-book” rate cut signal could mean more sideways-to-bearish action ahead. Is this the start of a bearish shift for BTC? 😅 Read the full @CoinDesk article by @godbole17: