According to Odaily, analyst Adam from Greeks.live shared insights on the X platform, highlighting significant bearish options activity for Bitcoin (BTC). He noted that $600 million in nominal value of bearish options accounted for a quarter of the total transactions today. Two bearish calendar trades alone were valued at $110 million this evening, indicating a weakening market and declining confidence. The short-term skew is nearing zero, while medium to long-term skew and implied volatility have also noticeably decreased. The outlook for February appears bleak, with a substantial number of altcoins set to unlock in the first quarter, contributing to the current tight liquidity in the market.

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