glassnode Co-Founder: Bitcoin price trend is positive, derivatives trading pressure has dissipated

According to ChainCatcher, glassnode co-founder Negentropic posted on X stating that the overall price trend of bitcoin is showing a positive outlook. During pullbacks, buying interest continues to emerge, and recent lows remain resilient. An important potential change is that the heavy burden of derivatives trading has finally dissipated. The largest bitcoin options expiry in history has just passed, with a notional value of approximately $23.6 billions.