Analysis: Bitcoin 30 Day Option Delta Tilt Surges, Indicating Extreme Market Panic On August 20th, according to Deribit data, the Delta tilt (put call) of Bitcoin's 30 day options surged to 12%, reaching its highest level in over four months. In a neutral scenario, this indicator typically fluctuates between -6% and+6%, reflecting the equilibrium pricing of call (buy) and put (sell) options. A level above 10% indicates extreme market panic, but this situation rarely persists. Previously, the Delta deviation surged to 13% on April 7th, when Bitcoin fell below $74500 for the first time in five months. Subsequently, investors who were willing to take risks received a 40% return in the following month, and Bitcoin rose to $104150 on May 8th. Cointelegraph analysis indicates that there is no evidence to suggest that Bitcoin's bull market has ended. Traders' fears often exceed rational expectations. In fact, this cryptocurrency may even benefit from potential capital outflows from the stock market, indicating that the current turbulence will not offset the long-term bullish trend in the market.