Crickets in the crypto casino: Nobody is paying for bitcoin's next big move

Glassnode data suggests Bitcoin options traders have stopped paying up for extreme upside, indicating fading conviction in a major rally. The article says BTC options skew looks bearish, but the main takeaway is not a fresh selloff; rather, the market is showing a lack of demand for upside bets and a more cautious positioning backdrop. That can weigh on near-term sentiment because it implies traders are less willing to hedge or speculate on a sharp breakout. The piece also references Bitcoin trading around $64,373, down 0.36% on the day, with IBIT also lower, reinforcing the muted risk tone in crypto markets.