Glassnode data indicates an interesting picture - the Bitcoin options market remains engulfed in fear and skepticism regarding recovery.
Here's what's happening: the premiums on long call options ( strike $120K ) are not increasing as they usually do when traders truly believe in a recovery. Instead, every time BTC takes a slight breather, professionals immediately offload those same call options, even with long expirations.
That is, the picture is as follows: traders are not ready to hold bets on growth. They sell on any rebounds. This is a classic signal of distrust in the market — people do not yet believe that the recovery will be sustainable.
Conclusion: the options market screams one thing — most are still not ready to catch the bottom, despite current prices.
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BTC options markets signal: traders are still in panic
Glassnode data indicates an interesting picture - the Bitcoin options market remains engulfed in fear and skepticism regarding recovery.
Here's what's happening: the premiums on long call options ( strike $120K ) are not increasing as they usually do when traders truly believe in a recovery. Instead, every time BTC takes a slight breather, professionals immediately offload those same call options, even with long expirations.
That is, the picture is as follows: traders are not ready to hold bets on growth. They sell on any rebounds. This is a classic signal of distrust in the market — people do not yet believe that the recovery will be sustainable.
Conclusion: the options market screams one thing — most are still not ready to catch the bottom, despite current prices.