🔥🚨BITCOIN MARKET HEDGED IN #FEAR AS LONG-TERM HOLDERS CASH OUT

🔹Bitcoin’s decline below key cost basis levels ($113.1K and $108.6K) signals fading demand and investor fatigue, with long-term holders selling over 22K $BTC daily since July.

🔹On-chain data shows growing risk of prolonged consolidation, while options markets turn defensive—put demand rises, volatility stays high, and traders hedge rallies instead of betting on recovery.

🔹Market sentiment remains cautious, awaiting renewed spot inflows for revival.

-Glassnode