📉 The options market looks alarming — Bloomberg warns of a possible 'crypto winter'

⚠️ Bets have sharply shifted towards short December BTC options, indicating a lack of confidence in growth and a play within a narrow range

🐻 Wintermute strategist Jasper de Maere emphasizes: the market is quieting down now, but this calm looks dangerous ahead of potential sharp declines

💔 Negative factors are intensifying

💸 Over $2.7 billion has been withdrawn from the iShares Bitcoin Trust — outflows have persisted for five consecutive weeks

📉 The annual yield of BTC has fallen below the S&P 500 — this hasn't happened in over ten years

🔻 Negative funding rates on perpetuals show the dominance of shorts

🪫 ETH and altcoins remain under pressure — demand is weakening

🧊 All of this creates a cold, clearly bearish backdrop for the crypto market 🟣🟢🟠

#BNB #BTC #ETH