🐱🙏🐶🚨 BTC Update – Risk Premium and Market Sentiment

According to Glassnode, Bitcoin’s options market shows interesting shifts in sentiment. At price levels similar to 21 November, the 1-week put implied volatility (IV) spiked to 76%, signaling aggressive downside hedging by traders.

Yesterday, however, the same metric recorded only around 63%, reflecting a more muted risk premium. This suggests the market is currently less worried about immediate downside, but caution remains: any further drop in BTC could trigger a sharper repricing of risk.

Investors are watching closely — the calm might be deceptive, and volatility could surge if support levels fail.

#Bitcoin #BTC #CryptoRisk #Glassnode #Volatility #CryptoMarkets