According to @glassnode on X on Jan 19, 2026, off-chain signals are improving, source: @glassnode on X, Jan 19, 2026. Spot and futures indicators have strengthened, source: @glassnode on X, Jan 19, 2026. ETF flows signal renewed institutional demand, source: @glassnode on X, Jan 19, 2026. Options markets remain cautious, continuing to price elevated uncertainty, source: @glassnode on X, Jan 19, 2026.

According to Greeks.live, legendary trader Hao emphasizes that implied skew in options markets holds significant predictive power. Implied skew refers to the difference in implied volatility (IV) between out-of-the-money (OTM) puts and calls. This metric provides valuable insights into market sentiment and potential price direction. Specifically, if the IV is higher for OTM puts, it suggests a bearish sentiment among traders.