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Analysis: Amid escalating inflation concerns, the options market is showing bearish pre-signals.
BlockBeats News, August 5th, according to CoinDesk, concerns about the economy, including rising inflation and disappointing job data, have led to a recent price drop in Bitcoin. At the same time, as options market indicators show a shift in market sentiment, Bitcoin's long-term bullish sentiment has turned neutral.
Griffin Ardern, Options Trading and Research Director at the crypto financial platform BloFin, said, "I have noticed a rather concerning sign of a recent market pullback. The bullish sentiment for Bitcoin's far-month options has disappeared, currently firmly holding a neutral position. This means that the options market believes BTC is unlikely to form a long-term upward trend, and the possibility of hitting new highs in the coming months is decreasing, similar to what happened in January and February 2022."
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