Glassnode announced that negative sentiment has reached its peak.

In recent days, the appetite and interest of investors in the Bitcoin (BTC) markets are being closely monitored. The on-chain analysis platform Glassnode reported that aggressive selling pressure has decreased and the market is moving towards balance. According to the analyses, for the first time since the sharp sell-off on October 10, the cumulative volume difference in spot and futures has begun to trend sideways. This situation indicates that selling pressure has significantly weakened.

Additionally, funding rates remaining below 0.01% show that the market is distanced from excessive "long" positions. Glassnode emphasized that investors have adopted a cautious attitude as funding rates have entered negative territory several times in the past two weeks. These data reveal the presence of signals that should be taken into account for future price movements.

According to Glassnode, a similar picture is observed in short-dated option curves. It is stated that during periods when sentiment has turned quite negative, selling pressure has historically peaked, and such situations are generally considered trend reversal signals. Analysts believe that this data could be a precursor to a potential price recovery for Bitcoin. Historical data indicates that periods of weakened selling are often coincidental with the beginnings of price increases in Bitcoin.

Especially emphasizing critical price levels and market psychology that investors should pay attention to is very important. For investors, this process may be a time to develop new strategies to harness short-term opportunities. At this point, the current negative sentiment surrounding Bitcoin and the reduction in selling pressure may be perceived as an opportunity signal for investors.