Bitcoin’s next selloff could be amplified by the traders still betting on its recovery

Glassnode’s spread crossed zero as downside skew rose, but the figures establish neither higher dollar hedge costs nor an option-selling profit. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Glassnode’s spread crossed zero as downside skew rose, but the figures establish neither higher dollar hedge costs nor an option-selling profit.
- Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
- Get The Catalyst in your inbox
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

Sophon Set to Pull Plug on Layer 2 Network After $70M Funding Push
Sophon Chain is officially winding down its standalone Ethereum Layer 2 network, with the final mainnet shutdown scheduled for Nov. 30. Any assets left onchain past Nov. 25 risk becoming permanently inaccessible. Urgent Action Required for Asset Holders…

Zcash Developer Proposes Per-Swap Keys To Limit Future Quantum Privacy Risk
TL;DR: Zakura has proposed assigning a separate viewing key to each Zcash swap made through NEAR Intents, reducing how much transaction history a future attacker might be able to link. Zcash’s privacy model is built around shielding transaction details, but…

Zcash Leads Crypto Bounce, Surging 8.5% as Bitcoin Reclaims $83,000
Zcash jumped 8.5% in 24 hours to $1,215.85 as the broader crypto market rebounded, with Bitcoin up 1.6% and ETF money flowing back in.