Crypto news: Bitcoin sell-off extends 📉Ethereum falls below important support zone
Cryptocurrencies remain largely dependent on stock market sentiment. According to Goldman Sachs data, the put-call skew in the Mag7 group (the seven largest tech companies) inverted for the first time since December 2024, meaning that the implied volatility of call options (betting on price increases) has exceeded that of puts (betting on declines). This phenomenon is rare and may signal that investors are potentially over-positioned for further equity market gains.However, weak technical conditions (also visible in Ethereum) and declining interest in U.S. spot ETF inflows are, to some extent, undermining the narrative of a strong autumn rally in the crypto market. As a result, the market may increasingly mirror the…
