Recently, clear recovery signals have appeared in the market. Following Bitcoin's deleveraging wave at year-end, some long-term trapped old positions have finally been cleared out, creating significant space for the market.
Looking at several key indicators recently reveals the strength of this shift. On the funding side, capital flows from various ETFs have begun to stabilize, indicating that the institutional observation period is nearly over. Participation activity in the futures market is also being rebuilt, no longer in that dormant state. Even more interesting is the options market, which has recently turned decidedly bullish, with investor sentiment changing.
Volatility has bottomed out, and dealers' gamma positioning at higher strike prices has begun shifting to short layouts. These all signal one thing: the market is transitioning from its previous defensive posture to a willingness to take on risk. Although the current accumulation is relatively moderate, the clearing of legacy positions combined with the emergence of upside potential has laid a relatively solid foundation for Bitcoin's 2026 opening. Market structure is improving, and the likelihood of subsequent expansion has become notably higher.
Recently, clear recovery signals have appeared in the market. Following Bitcoin's deleveraging wave at year-end, some long-term trapped old positions have finally been cleared out, creating significant space for the market.
Looking at several key indicators recently reveals the strength of this shift. On the funding side, capital flows from various ETFs have begun to stabilize, indicating that the institutional observation period is nearly over. Participation activity in the futures market is also being rebuilt, no longer in that dormant state. Even more interesting is the options market, which has recently turned decidedly bullish, with investor sentiment changing.
Volatility has bottomed out, and dealers' gamma positioning at higher strike prices has begun shifting to short layouts. These all signal one thing: the market is transitioning from its previous defensive posture to a willingness to take on risk. Although the current accumulation is relatively moderate, the clearing of legacy positions combined with the emergence of upside potential has laid a relatively solid foundation for Bitcoin's 2026 opening. Market structure is improving, and the likelihood of subsequent expansion has become notably higher.