Bitcoin, ether traders aren't fully buying the bounce, options markets show

Bitcoin BTC trades at $61,845 while Ether ETH options markets show persistent caution through elevated put premiums on Deribit. Put-call skews remain around 16% for one-week contracts and exceed 10% across longer tenors despite ETF accumulation signals. Large block flows favor range-bound long call condor strategies targeting July expiry prices between $64,000 and $70,000 rather than aggressive bullish bets.