TechFlow news, on January 21, Matrixport released a chart for today stating, "Judging from the skew trend in options, demand for Bitcoin options has clearly shifted toward put contracts. This structural change indicates increasing short-term correction pressure, linked to Trump's proposal of imposing 10%-25% tariffs on European goods, which in turn elevates macroeconomic uncertainty.
Despite rising risk aversion, Bitcoin’s price action has not exhibited typical safe-haven characteristics. Against the backdrop of institutional investors tightening risk exposure and adopting more defensive positioning overall, prices traded largely sideways over the weekend, with slight weakness seen on Monday.
This current market movement reflects primarily short-term risk management by investors amid heightened external uncertainty. When combining on-chain and position data, the behavior of long-term capital remains relatively stable overall."
