It must be acknowledged that multiple long-term signals indicate that the current market environment is gradually moving towards the "early stage of a bear market." 🧐 In the options market, skewness data shows that BTC options have entered a "bearish-dominated" phase across the board, while the bullish sentiment in the far-month ETH options is rapidly converging to "neutral to mildly bullish," and the front-month options are also completely dominated by bearish sentiment, similar to the sentiment around April 2022.(BloFin Research)