It's interesting to look at the options data in recent days — it's clearly visible how the market is losing confidence in the upward trend. An option is essentially a bet on the direction of the price, and it's through them that traders' sentiment is most evident. Currently, there is almost no demand for bullish options in the options market; more and more are for hedging downward. Bitcoin is now trading around 78.7K, and although this is higher than previous pullbacks, there are hardly any bullish signals from the options market. It seems that major players don't really believe in a quick rise from here. Maybe it's better to wait for clearer signals before catching new highs.