BlockBeats News, January 9 — After experiencing deep deleveraging and concentrated options expiration at the end of the year, Bitcoin enters 2026 with a cleaner structure. On-chain data shows that profit-taking pressure has significantly eased, ETF capital has shifted back to net inflows, futures open interest has stabilized and rebounded, and institutional participation is gradually recovering.
The options market has become a key indicator: In the contracts expiring in the first quarter, traders predominantly bought call options in the $95,000–$100,000 range, while market makers turned net short in this range, potentially providing upward momentum through hedging activities. Implied volatility is rising from low levels, with skew continuing to tilt towards bullish recovery.
BiyaPay analysts believe that this is more like an early stage of “structural improvement rather than market euphoria.” If the price can hold above the short-term holder cost basis, upward potential may be unleashed. BiyaPay supports trading USDT for US stocks, Hong Kong stocks, futures, and spot contracts, as well as gold and other assets, making it convenient for users to flexibly position across multiple assets during the volatility recovery phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million
Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat.
Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows
The mood around crypto ETFs remains cautious. Another day, a
Coinpedia19m ago
BTC rises 0.52% in 15 minutes: Major capital net inflows to exchanges and multiple market resonance driving the move
2026-03-20 21:15 to 21:30 (UTC), BTC recorded +0.52% return in 15 minutes, with a price range of 70124.0 to 70586.6 USDT, and amplitude of 0.66%. This round of volatility occurred against a backdrop of increased market attention and heightened fluctuations, with both on-chain and market participants showing highly active behavior.
The main driver of this volatility was whale funds (entities holding >=1,000 BTC) making a net inflow of 4,091.39 BTC to exchanges within 24 hours, data significantly exceeding the average for the same period. Concentrated net inflows
GateNews1h ago
Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck
Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.
Decrypt2h ago
