Glassnode: Options data indicates the market should remain cautious rather than panicking in response to Bitcoin's price movement

BlockBeats News, January 9 — Glassnode, in conjunction with options market data, analyzed Bitcoin’s price trend. The report indicates that options data suggest the market should remain cautious rather than panic. Volatility sellers are still active, but skew and flow data show an increasing demand for downside protection. The market is hedging risks, and the pricing trend has not yet fully reversed.

BTC-0,35%
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