The Crypto Rundown 309: Is Skew Showing the Sky is Falling?

The Crypto Rundown 309: Is Skew Showing the Sky is Falling?

From The Crypto Rundown by The Options Insider Radio network

February 23, 2026 · 33 min · Episode 309

About this episode

The episode discusses the current state of the crypto market, focusing on Bitcoin and Ethereum's performance and skew analysis.

Is the crypto "retail wave" finally drying up? This week on The Crypto Rundown , Mark Longo and Greg Magadini (Amberdata) dive into a "blood-red" market as Bitcoin slips below $65k and Ethereum struggles to hold key support levels. We break down the dramatic shift in Bitcoin (BTC) and Ethereum (ETH) skew , analyzing why the 25-delta risk reversal is hitting extreme negative levels not seen since the FTX or Terra Luna collapses. Key Topics Covered: The "Incremental Buyer" Problem: With VCs and ETFs already positioned, who is left to buy the dip? Volatility Analysis: Why implied volatility (IV) remains "hunched" while skew is screaming "danger." Ibit Options Impact: Analyzing the 1 million contracts per day milestone and the heavy flow on 35-strike puts. Altcoin Universe: Deep dives into Solana, Dogecoin, and the "wreckage" in Ethereum (ETH). MSTR & MSTU Strategies: Managing "lottery trades" when the underlying goes underwater. Resources: Get granular on-chain data: Amberdata Follow the network: @Options on Twitter/X

People in this episode

Host: Mark Longo

Guest: Greg Magadini

Topics covered

Mentioned in this episode

Organizations: Amberdata

Products: Bitcoin, Ethereum, Solana, Dogecoin

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