glassnode: Option Data Shows Market's Response to Bitcoin's Movement is Cautious Rather Than Fearful

BlockBeats News, January 9th, glassnode combined option market data to analyze Bitcoin’s trend. The report pointed out that option data indicates the market should remain cautious rather than panicked. Volatility sellers are still active, but skew and flow data show an increasing need for downside protection. The market is hedging risk, and the trend has not completely reversed.