On-chain evaluation platform Glassnode said in its newest report that the Bitcoin (BTC) market has rebalanced following the historic giant choice expirations and is making ready for the following directional transfer.
Based on the report, Bitcoin has maintained a powerful maintain above its “short-term investor price flooring” since Could 2025. This stage serves as a vital threshold between a continuation of the bull market and potential bearish eventualities. Nonetheless, analysts consider the value is dealing with robust resistance in a area of concentrated provide.
The easing of promoting stress from long-term traders and the resumption of ETF inflows point out a stabilization of the demand aspect of the market. Nonetheless, the Concern and Greed Index and the RVT indicator reveal that the market has retreated from “extreme greed” to “impartial and worry” ranges. This displays traders’ deal with profit-taking and a decline in danger urge for food.
Within the choices market, following final week’s report expiration, open curiosity has begun to reshape. This improvement eliminates hedge-driven volatility and permits new positions to drive worth actions. Whereas volatility has decreased, the curve construction maintains its contango look. Whereas front-end volatility has weakened, the long-term outlook stays robust within the 39-43% vary.
Whereas fund flows point out average upward curiosity, merchants are sustaining cautious optimism via risk-reversal methods and choice combos. The stability of vendor gamma positions is dampening sudden volatility pushed by hedges.
In consequence, Glassnode argued that the market is at the moment on a extra impartial and constructive footing, however that decisive indicators for the following robust directional transfer haven’t but emerged.
*This isn’t funding recommendation.
