According to @glassnode, Bitcoin's options delta skew has turned mildly bullish, indicating a shift in trader sentiment towards potential BTC price upside. Additionally, the volatility spread has surged by 77%, suggesting increasing market uncertainty and potential for larger price swings. Both the Short-Term Holder to Long-Term Holder (STH/LTH) ratio and Hot Capital Share are on the rise, pointing to heightened speculative activity and more active positioning in the Bitcoin market. These metrics may signal increased trading opportunities and risk for both short-term and long-term BTC investors. Source: @glassnode