{"id":91287,"date":"2025-11-21T19:32:25","date_gmt":"2025-11-21T16:32:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91287"},"modified":"2025-11-21T19:35:27","modified_gmt":"2025-11-21T16:35:27","slug":"glassnode-refutes-bitcoins-bottoming-out","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-refutes-bitcoins-bottoming-out\/","title":{"rendered":"Glassnode Refutes Bitcoin&#8217;s Bottoming Out"},"content":{"rendered":"<p>Following Bitcoin&#8217;s drop below <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-plummets-to-six-month-low\">the $94,000 level<\/a> earlier this week, traders have been actively purchasing short-term put options with a strike price of $75,000. This trend was noted by Glassnode.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">75K Put Premium<\/p>\n<p>Short- and mid-term 75K puts have been heavily bought since BTC lost the 94K level. The options market isn\u2019t signaling a bottom yet and is leaning toward the risk of a deeper move.<a href=\"https:\/\/t.co\/EjNiVN7l4F\">https:\/\/t.co\/EjNiVN7l4F<\/a> <a href=\"https:\/\/t.co\/tvLWG9SVM7\">pic.twitter.com\/tvLWG9SVM7<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1991865194797322609?ref_src=twsrc%5Etfw\">November 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dominant positions in <span data-descr=\"gives the right to sell an asset at a fixed price in the future\" class=\"old_tooltip\">put<\/span> contracts indicate expectations of prices falling below the strike level.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe options market isn\u2019t signaling a bottom yet and is leaning toward the risk of a deeper move,\u201d concluded analysts from the platform.<\/p>\n<\/blockquote>\n<p>The total volume of bets on put options reached 67.6%. Traders aggressively hedged against the decline by purchasing longer-term contracts.<\/p>\n<p>The dynamics of weekly and monthly volatility indices signaled \u201cextreme panic\u201d in the short-term horizon, analysts added.<\/p>\n<p>On November 21, the leading cryptocurrency fell <a href=\"https:\/\/forklog.com\/en\/news\/fear-and-panic-bitcoin-falls-below-85000-for-the-first-time-since-april\">below the $85,000 mark<\/a>.<\/p>\n<p>Previously, analyst Axel Adler Jr. identified two critical levels for Bitcoin&#8217;s current correction based on three key metrics for institutional investors. One was <a href=\"https:\/\/forklog.com\/en\/news\/analyst-flags-bear-phase-sees-bitcoin-sliding-to-74000\">the $87,000 level<\/a>, the other $74,000.<\/p>\n<p>Experts from XWIN Research suggested that prices might \u201ccompress\u201d <a href=\"https:\/\/forklog.com\/en\/news\/analysts-warn-of-bitcoins-potential-drop-to-60000-due-to-fed-policy\">within the $60,000-80,000 range<\/a> by year-end. This scenario will unfold if the US Federal Reserve refrains from lowering the <a href=\"https:\/\/forklog.com\/en\/news\/how-the-feds-policy-rate-affects-cryptocurrency-prices\">key rate<\/a> in December.<\/p>\n<h2 class=\"wp-block-heading\">Prospects for Recovery<\/h2>\n<p>Trader EgyHash believes that a bullish reversal requires increased activity from whales.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A Market Without Whales: Retail Fatigue Pushes Bitcoin Into Deeper Declines<\/p>\n<p>\u201cUnless significant institutional demand returns or retail participation meaningfully recovers, Bitcoin is likely to remain under pressure.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/EgyHashX?ref_src=twsrc%5Etfw\">@EgyHashX<\/a> <a href=\"https:\/\/t.co\/6RRc3g8m3S\">pic.twitter.com\/6RRc3g8m3S<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1991879176492810407?ref_src=twsrc%5Etfw\">November 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0<\/p>\n<p>Metrics from the futures segment have indicated the exit of large players from the market in recent months. Now, smaller investors have joined this trend, further reducing the liquidity of the digital gold market, the expert noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUnless significant institutional demand returns or retail participation meaningfully recovers, Bitcoin is likely to remain under pressure, with limited prospects for a strong rebound in the near future,\u201d concluded EgyHash.<\/p>\n<\/blockquote>\n<p>Analysts at Swissblock noted that the Risk-Off metric in Bitcoin is nearing the capitulation zone. Such values have corresponded to major price lows over the past two years.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The Risk-Off Signal is just inches from the capitulation zone, the same zone that has marked major BTC bottoms in the past two years.<\/p>\n<p>We\u2019re entering the final stretch of seller exhaustion. <\/p>\n<p>Once it rolls over, BTC snaps into a bottoming phase with sharp, fast rebounds. <a href=\"https:\/\/t.co\/hFPdG8IPmm\">pic.twitter.com\/hFPdG8IPmm<\/a><\/p>\n<p>\u2014 Swissblock (@swissblock__) <a href=\"https:\/\/twitter.com\/swissblock__\/status\/1991869209052434657?ref_src=twsrc%5Etfw\">November 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe\u2019re entering the final phase of seller exhaustion. Once the Risk-Off signal reaches its minimum, BTC rebounds sharply and quickly,\u201d experts stated.<\/p>\n<\/blockquote>\n<p>Researchers at Bernstein <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-25-correction-deemed-short-term-by-bernstein-analysts\">believe<\/a> that the current Bitcoin correction will be short-lived and does not signal the start of a major downtrend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following Bitcoin&#8217;s drop below the $94,000 level earlier this week, traders have been actively purchasing short-term put options with a strike price of $75,000. This trend was noted by Glassnode.<\/p>\n","protected":false},"author":1,"featured_media":91288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Traders buy put options as Bitcoin falls below $94,000, says Glassnode.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1273,1145],"class_list":["post-91287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-glassnode","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"223","promo_type":"1","layout_type":"1","short_excerpt":"Traders buy put options as Bitcoin falls below $94,000, says Glassnode.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91287"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91287\/revisions"}],"predecessor-version":[{"id":91289,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91287\/revisions\/91289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91288"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}