Bitcoin Market Analysis Suggests Caution Amid Increased Demand for Downside Protection

According to BlockBeats, on January 9, glassnode analyzed Bitcoin's market trends using options market data. The report highlights that the options data suggests the market should remain cautious rather than panicked. While volatility sellers are still active, skew and flow indicate a growing demand for downside protection. The market is currently hedging risks, and a complete trend reversal has not yet been priced in source: https://www.binance.com/en/square/post/34856873591978?utm_source=BinanceNewsRSS