According to the report,CryptoQuant Julio Moreno, head of research at, said that Bitcoin’s short-term traders’ on-chain unrealized profit margin had risen to 33%, and said that multiple indicators showed weakening upward momentum and a possible correction.
Greeks.live analyst Adam said that the market is in a correction phase, with block put-option trades accounting for approximately one-third of volume, while key maturities IV have fallen back to approximately 35%. He believes the options data look more like a mid-bear-market rebound, with low market expectations for subsequent volatility.
