VanEck: Recent Price Trends Typically Indicate the Market is Near a Bottom Rather Than a Top

According to a report by Golden Finance, investment firm VanEck noted that Bitcoin's realized volatility (i.e., based on observed price fluctuations) has dropped from 80 to 50 over the past month. However, despite the stabilization in price, traders remain cautious and are willing to pay high premiums to maintain positions that can profit from Bitcoin price declines. The report stated: 'Traders continue to pay high premiums for downside protection. The total premium for purchasing put options decreased by 24% month-over-month, but the total premium over the past 30 days reached $685 million, still higher than 77% of monthly observations since early 2025.' 'Historically, when the options market has shown such panic sentiment, Bitcoin has often rebounded. While recent price trends can explain the current defensive sentiment, historical experience suggests that this sentiment typically indicates the market is near a bottom rather than a top.'