glassnode: Options data shows the market remains cautious rather than panicked about bitcoin's price movements
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BlockBeats News, January 9, glassnode analyzed bitcoin trends by combining options market data. The report pointed out that options data indicates the market should remain cautious rather than panicked. Volatility sellers are still active, but skew and flow show an increasing demand for downside protection. The market is hedging risks and has not yet priced in a complete trend reversal.
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