[Glassnode: Bitcoin Index Reflects Strong Demand for Bearish Options, Indicating Active Institutional Hedging Activity] BlockBeats News, September 8, Glassnode posted on social media that the Bitcoin 25Delta Skew Index (1-month term) has continued to climb to a historic high, reflecting strong demand for bearish options. This is not purely a bearish market signal but often indicates active institutional hedging activity. With the rise of Bitcoin ETFs and Digital Asset Trusts (DATs), institutions are entering the market in large numbers—while gaining exposure, they are managing downside risk through bearish options.