BlockBeats News, January 9 — After experiencing deep deleveraging and concentrated options expiration at the end of the year, Bitcoin enters 2026 with a cleaner structure. On-chain data shows that profit-taking pressure has significantly eased, ETF capital has shifted back to net inflows, futures open interest has stabilized and rebounded, and institutional participation is gradually recovering.
The options market has become a key indicator: In the contracts expiring in the first quarter, traders predominantly bought call options in the $95,000–$100,000 range, while market makers turned net short in this range, potentially providing upward momentum through hedging activities. Implied volatility is rising from low levels, with skew continuing to tilt towards bullish recovery.
BiyaPay analysts believe that this is more like an early stage of “structural improvement rather than market euphoria.” If the price can hold above the short-term holder cost basis, upward potential may be unleashed. BiyaPay supports trading USDT for US stocks, Hong Kong stocks, futures, and spot contracts, as well as gold and other assets, making it convenient for users to flexibly position across multiple assets during the volatility recovery phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
This week, the US Bitcoin spot ETF saw a net inflow of $568 million, with BlackRock IBIT inflows of $660 million.
This week, the US Bitcoin spot ETF saw a net inflow of $568 million, mainly from BlackRock's IBIT and several other funds, while Fidelity's FBTC and Grayscale's GBTC experienced net outflows.
GateNews33m ago
CryptoQuant: Bitcoin NUPL--MVRV indicator reaches 0.33, or has entered the mid-stage of a bear market
Gate News Announcement, March 7th, CryptoQuant analyst Axel pointed out on the X platform that the Bitcoin NUPL--MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the 0.5 range. The chart shows that the bear market cycle is beginning to shift upward, indicating that Bitcoin may have entered the mid-stage of this bear market cycle, suggesting that extreme selling conditions are easing. However, this indicator is still well above historical bottom levels, implying that a market-wide bottom has not yet been confirmed.
GateNews38m ago
Bitcoin Payments Expand as Utexo Secures $7.5M From Tether
Utexo has secured $7.5 million to enable direct USDT settlements on the Bitcoin network, reducing reliance on bridges and enhancing payment efficiency. Tether's investment signals strong market potential for Bitcoin as a stablecoin payment platform.
Coinfomania43m ago
Bitcoin Dip May Continue as Retail Buys Under $70K, Santiment Says
Bitcoin has shown renewed volatility as buyers and sellers clash at key levels. Retail participants have been loading up after the price dipped below $70,000, while larger holders have been trimming positions. Over a period spanning Feb. 23 to Mar. 3, Bitcoin traded roughly between $62,900 and $69,6
CryptoBreaking56m ago
BlackRock Blocks Withdrawals From $26B Fund as Bitcoin Price Drops and Market Confidence Weakens
Confidence across financial markets appears weaker than it did only days ago, and that fading confidence is pushing many investors to pull capital out of funds and risk assets. Withdrawal requests poured into one of BlackRock’s flagship private credit vehicles, and the pressure became large
CaptainAltcoin1h ago
