Bitcoin's de-leveraging at the beginning of the year has ushered in a turning point, with market structure quietly improving

GasWrangler · 2026-01-08T00:32:12+00:00

【BlockBeats】According to the latest weekly report from the on-chain data platform, Bitcoin has completed a deep market cleansing at the beginning of the new year. The leverage wipeout event at the end of 2025 and the year-end options expiration cycle have effectively reset the market's structural pressures, paving the way for the upcoming market trend.Interestingly, market activity is quietly returning. The signals are clear: ETF capital flows are stabilizing, participation in the futures market is rebuilding, and the options market is notably bullish. Market skewness is gradually returning to normal levels, and volatility has also hit a bottom. Traders' gamma near high strike prices has shifted from long to short, indicating a subtle change in market sentiment.Behind these signs, the message is quite clear: the market is shifting from a defensive, distribution-led conservative mode to a more selective risk-taking approach. Although structural accumulation is not yet vigorous enough, the excess trapped positions have already been cleared.

GasWrangler

2026-01-08 00:32:12

【Blockchain Rhythm】According to the latest weekly report from the on-chain data platform, Bitcoin has completed a deep market cleansing at the beginning of the new year. The leverage wipeout event at the end of 2025 and the year-end options expiration cycle have effectively reset the market’s structural pressures, paving the way for the upcoming trend.

Interestingly, market activity is quietly returning. The signals are clear: ETF capital flows are stabilizing, participation in the futures market is rebuilding, and the options market is clearly leaning bullish. Market skewness is gradually returning to normal levels, and volatility has also reached a bottom. Traders’ gamma near high strike prices has shifted from long to short, indicating a subtle change in market sentiment.

Behind these signs, the message is quite clear: the market is shifting from a defensive, distribution-led conservative mode to a more selective risk-taking approach. Although structural accumulation is not yet strong enough, the excess trapped positions have been cleared, and upward potential is re-emerging. At the start of 2026, Bitcoin has a more solid foundation, with internal market structures continuously optimizing. Once conditions are right, the expansion potential is there.

BTC0,34%

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RektButAlive

· 11h ago

Deleveraging completion is a good thing; finally, I don't have to watch explosion news every day... The volatility bottoming out is interesting; feels like a rebound is coming? --- I believe in clearing out the trapped positions; I’ve been trapped myself, and now I just feel numb looking at it haha --- Gamma value shifting from long to short... this level of detail is quite deep, finally no more purely bearish atmosphere --- The stable inflow of ETFs is a good signal; at least it didn’t cause a sell-off, so we can breathe a little --- Market structure improvement is bullshit; it still depends on macro conditions, and good data doesn’t mean much --- Is volatility bottoming out the end? Is this quiet before a rally or a real rebound? I don’t understand --- Options are leaning bullish; only real money pouring in counts, and there’s no point in sugarcoating it now --- Cleared out at the beginning of the year; just being able to see this day is already good, the rest is up to time

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DEXRobinHood

· 11h ago

The liquidation is complete. Now it's time to see who can't hold on anymore.

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LightningPacketLoss

· 01-08 09:37

Leverage has been cleared, retail investors are about to be cut again, is this cycle repeating?

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WhaleInTraining

· 01-08 01:02

Deleveraging is completed, which is good. Now it depends on whether it can really rise, cleaning up the trapped positions alone isn't very useful.

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ChainBrain

· 01-08 01:01

Here comes another round of clearing out. Every time, they say it's the last and then take off, but as for the result... However, this time the inverse gamma value is somewhat interesting. Let's see how long it can last.

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0xLuckbox

· 01-08 01:00

Another wave of deleveraging talk, every time claiming it's all cleaned up, but it turns out to be a cycle of ups and downs again. Honestly, I believe the volatility has bottomed out, but whether the bullish skew rebounds? We need to see if it can truly stabilize afterward to count.

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JustHodlIt

· 01-08 00:47

Hey, after deleveraging, it really feels much better. Finally got rid of those panic sellers.

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SingleForYears

· 01-08 00:43

Volatility has bottomed out. This wave is indeed interesting; it feels like something is about to move.

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