According to @Andre_Dragosch, pockets of excessive bearishness have emerged in the BTC options market that look like a reverse gamma squeeze, source: @Andre_Dragosch on X. The same source states overall market bearishness is not broad-based, indicating the current negativity is not widespread across crypto, source: @Andre_Dragosch on X. The source added that further updates will follow in due time, source: @Andre_Dragosch on X.