Odaily Planet Daily reports that Glassnode released analysis data on the X platform showing that Bitcoin has recently been trading within the $65,000 to $73,000 range. However, the options market is exhibiting defensive characteristics, with open interest (OI) in BTC options increasing from 255,000 BTC on December 26 to 452,000 BTC, approaching the high levels seen at the end of Q4 2025. Implied volatility over 1 month and 3 months has risen by approximately 10 volatility points, indicating traders expect potential significant price fluctuations in the future. The put option skew has increased from 6% to 18% within a month, highlighting market willingness to pay for downside protection. Currently, the market liquidity structure is becoming more balanced; since Bitcoin dropped below $82,000, put buying has dominated. Over the past two days, bullish activity has increased, causing the put/call ratio to fall back to 0.7. Short-term positions are stabilizing, but short-term implied volatility remains below actual volatility.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst: If the US-Iran conflict persists for months, debt expansion could benefit Bitcoin
Macro strategist Mark Connors stated that if the conflict between the US and Iran continues, increased fiscal spending and debt expansion could benefit Bitcoin. He pointed out that war financing will increase the supply of US dollars, weaken the currency's value, and drive Bitcoin higher. Since the conflict began, Bitcoin has risen approximately 3.6%.
GateNews42m ago
No, Bitcoin Is Not Forming 'Cup and Handle' Pattern to $500,000, Says Peter Brandt - U.Today
Peter Brandt, a veteran market analyst, strongly criticizes the prediction of Bitcoin reaching $500,000, arguing it misinterprets the "cup and handle" pattern. He emphasizes the necessity of proper technical analysis and warns against unwarranted optimism based on flawed interpretations.
UToday1h ago
