Bitcoin▼ Bearish

Bitcoin traders still betting on a rebound could deepen the next selloff

TradingGain Newsroom·11d ago·20 Oct 2026, 16:40 UTC

Glassnode data shows a key spread crossing zero as downside skew rose, a sign that traders are paying more attention to falling prices. The same figures do not prove that protection costs more in dollars or that option sellers are profiting, so the signal is mixed. For traders, the risk is that bullish positioning could add pressure if Bitcoin turns lower.

BTCAt the time of writing, Bitcoin traded at $82,708 (+1.17% in 24h).Live price →

Why it matters

Glassnode's spread moved above zero as downside skew increased, pointing to more demand for downside bets.
The data does not confirm higher dollar hedge costs, so the cost of protection is not clearly rising.
Option sellers are not shown to be earning a profit, which leaves the market direction unclear.

What to watch next

Watch whether Glassnode's spread stays above zero and whether downside skew keeps climbing in the coming sessions.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.