Adam, an analyst at Greeks.live, posted on the X platform: "BTC saw a large volume of bearish option trades today, with a nominal value of $600 million accounting for one-quarter of the total trade. Just tonight, two bearish calendars were worth $110 million. The market is weakening, confidence is also declining, and short-term Skew is approaching 0. Medium and long-term Skew and IV have also shown significant declines. The February market outlook is not optimistic, and there are still a large number of altcoins waiting to be unlocked in the first quarter. The market is currently tight on funds."
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