Options data has released a cautious signal rather than a sign of panic. Volatility sellers remain active, but skewness and capital flows reveal an interesting phenomenon—investors' demand for downside protection is increasing. As Bitcoin tests a key support level, the market is hedging risk. This is not pricing in a trend reversal, but rather a defensive move.

BTC0.11%
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StableCoinKarenvip
· 01-09 20:04
Just play defense, anyway, being cautious this time is much wiser than panicking.
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LiquidityNinjavip
· 01-09 20:01
Smart people are quietly hedging risks. It's not panic, it's playing chess.
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SignatureLiquidatorvip
· 01-09 19:52
Defensive stance, huh? This wave definitely feels different.
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DaisyUnicornvip
· 01-09 19:43
Hedging risk is just hedging risk. It sounds very rational, but actually someone is quietly buying insurance... The flowers are also starting to wear hats.
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ser_we_are_ngmivip
· 01-09 19:38
Hmm, whether hedging or not, I've already run away anyway.
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