Zag net dat Bitcoin surpassed $80.8K today, but something interesting is happening behind the scenes. Institutional players seem to be hedging their positions simultaneously — so while the price is rising, we're still seeing significant hedging activity. This pattern is often observed: the market is going up, but the big players are taking precautions. It suggests they are cautious despite the bullish movement. It will be interesting to watch whether these hedges indicate that the rise isn't as sustainable as it appears at first glance. What do you see in your own analysis?