Glassnode Shocked by Institutional Data: Bitcoin Just Like at the $20,000 Levels! - Coin Bulletin

Koinbulteni · 2025-04-04T13:49:31+00:00

Bitcoin put options reflecting bearish sentiment surpass call options focusing on price increase in the options market; investors intensively buy to hedge against price drop. Glassnode data shows rising demand for bearish options reaching levels seen when Bitcoin price circled around $20,000 in mid-2023, indicating heightened investor concerns. Despite the panic, Bitcoin price resistance without major decline makes the current options market situation even more intriguing. Market analysts view this as a possible bottom signal amidst intense fear, underscoring the critical importance of cautious decision-making in times dominated by panic.

Koinbulteni

2025-04-04 13:49:31

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In the Bitcoin (BTC) options market, put options reflecting a bearish outlook have overtaken call options focused on price rises, and investors are heavily buying to hedge against price drops.

According to the latest data from leading crypto analysis platform Glassnode, the situation in the options market has reached particularly remarkable levels, especially in short-term contracts. It appears that the demand for options indicating a bearish expectation in the short term has reached levels similar to the period when the Bitcoin price hovered around 20 thousand dollars in mid-2023. This situation reveals that investors’ levels of concern have increased significantly.

However, despite this atmosphere of fear, the Bitcoin price has not yet experienced a significant decline. This situation makes the current picture in the options market even more striking due to the price showing resistance despite the rising panic levels in the market.

Panic is at its peak but the price holds

Glassnode analysts noted that similar situations usually arise when the market takes a one-sided position, indicating that the current scenario actually suggests that the price drops may be close to the bottom level. Despite investors being in great fear, the fact that the Bitcoin price is still holding is interpreted by market analysts as a possible bottom signal.

Therefore, it is stated that investors need to be cautious in the short term and that decisions made during periods of panic are critically important.

BTC-1.87%

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