Bitcoin · Bitcoin ETF · Bitcoinist
Crypto Derivatives Risk Appetite Plunges As ETF Outflows Hit Bitcoin
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Crypto derivatives traders have pulled back sharply after last week’s sell-off, with Deribit Insights reporting that Block Scholes’ Risk Appetite Index fell significantly below 0.05 as spot markets tried to stabilize above $60,000.
Key facts
- The report also discussed corporate treasury activity around Strategy Inc., noting both a small 32 BTC sale disclosure and a later announced purchase of 1,550 BTC worth $103.1 million
- Crypto derivatives traders have pulled back sharply after last week’s sell-off, with Deribit Insights reporting that Block Scholes’ Risk Appetite Index fell significantly below 0.05 as spot markets
- The June 11 analytics report described a market still absorbing the effects of a near-20% spot price decline
- Deribit’s report also noted that ETH spot price is down 66% from its August 2025 record high
Summary
Deribit Insights, using Block Scholes analytics, says crypto derivatives risk appetite fell sharply after a near-20% spot market drop last week. The Risk Appetite Index dropped below 0.05, while BTC options skew recovered from much deeper bearish levels. The report says the move coincided with the longest spot Bitcoin ETF outflow streak since launch. ETH funding rates have traded negative since June 5, pointing to bearish perpetual swap positioning.