According to @glassnode, crypto options flow over the last 24 hours skewed toward put buying, with puts accounting for close to 30% of activity, indicating demand for downside insurance as spot prices weaken. Source: @glassnode, Jan 9, 2026, glassno.de/4sxFIiJ This shift coincides with positioning ahead of key US macro data releases, signaling a more defensive stance among derivatives traders. Source: @glassnode, Jan 9, 2026, glassno.de/4sxFIiJ