Glassnode: The Bitcoin index reflects strong demand for bearish options in the market, indicating active hedging activities by institutions

ChainCatcher message, Glassnode posted on social media that the Bitcoin 25 Delta skew index (January expiry) continues to rise to a historical high, reflecting strong demand for put options. This is not purely a bearish signal for the market, but often indicates active institutional hedging activities.

With the rise of Bitcoin ETFs and Digital Asset Trusts (DATs), institutions are entering the market in large numbers—gaining risk exposure while managing downside risk through put options.