Analysis: With the growing concerns about inflation, the options market is showing signs of a bear market.

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On August 5, according to CoinDesk, concerns about the economy, including rising Inflation and disappointing employment data, have led to a recent fall in Bitcoin prices. At the same time, with the options market indicators showing a shift in market sentiment, the long-term bullish sentiment for Bitcoin has turned neutral. Griffin Ardern, head of options trading and research at the encryption platform BloFin, stated, "I have noticed a rather concerning sign of the recent market pullback. The bullish sentiment for Bitcoin's long-term options has disappeared, and it currently holds a firm neutral stance, which means the options market believes that BTC is unlikely to form a long-term rising trend, and the possibility of reaching new highs in the coming months is decreasing, similar to the last occurrence in January and February 2022."

BTC-0.15%
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