According to glassnode, BTC's 25 Delta Skew has shifted sharply upwards over the past week, with the 1-week skew jumping from -2.6% to +10.1% and the 1-month skew rising from -2.2% to +4.9%. These levels are approaching those seen before Liberation Day, indicating a notable increase in risk-off sentiment among traders. This data suggests that market participants are actively hedging or speculating on downside risk for BTC, which is a critical signal for short-term trading strategies and risk management. Source: glassnode (June 16, 2025).