Matrixport reports that the implied volatility skew for Bitcoin options has widened to -10.6%, a signal that market participants are increasingly pricing in downside risk. Current implied volatility has climbed to approximately 58%, reflecting heightened hedging demand amidst the price decline. ChainCatcher highlights critical liquidation zones based on current order books. For Ethereum, a drop below $2,714 could trigger $712 million in long liquidations. For Bitcoin, the danger zone for longs is below $83,154, while shorts face significant risks if prices rebound above $91,614. Decrypt notes that Bitcoin is currently on its longest losing streak since 2024. This trend is reportedly driven by Federal Reserve repricing and a general cautious market rebound environment.