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BlockBeats News, January 8, glassnode released its weekly market observation report, stating that as Bitcoin enters the new year, a significant portion of legacy positions in the spot, futures, and options markets has been cleared. The deleveraging event and year-end expiry cycle at the end of 2025 have effectively reset the market’s structural constraints, leaving a clearer and more transparent signal environment. Currently, early signs of renewed market activity have emerged. ETF capital flows are beginning to stabilize, participation in the futures market is being rebuilt, and the options market has clearly shifted to a bullish stance, with skew normalizing, volatility bottoming out, and dealers’ gamma turning short near key high-end strike prices. Together, these dynamics indicate that the market is shifting from a defensive, distribution-driven behavioral pattern to selectively taking on risk again and rebuilding participation. Although structural accumulation remains relatively moderate, the clearing of excess positions and the reemergence of upside potential suggest that Bitcoin will have a more robust foundation at the start of 2026, with internal market structure continuously improving and the potential for expansion increasing.

On January 8, glassnode released its weekly market observation report, stating that after entering the new year, Bitcoin cleared some legacy positions in the spot, futures, and options markets. The deleveraging event at the end of 2025 and the year-end expiry cycle have reset the market's structural constraints. Signs of renewed market activity are now emerging, with ETF capital flows stabilizing, participation in the futures market being rebuilt, the options market turning bullish, volatility hitting bottom, and dealer gamma turning short near high strike prices. The report points out that Bitcoin's market structure is improving, and risk-taking and participation are being rebuilt.

BlockBeats News, January 8th, according to Bitget market data, last night, precious metals all fell. Silver and platinum led the plunge in precious metals, with spot silver falling by 3.82%, spot platinum falling by nearly 8% at one point, and gold falling by over 1% intraday.