Bitcoin put options reflecting bearish sentiment surpass call options focusing on price increase in the options market; investors intensively buy to hedge against price drop. Glassnode data shows rising demand for bearish options reaching levels seen when Bitcoin price circled around $20,000 in mid-2023, indicating heightened investor concerns. Despite the panic, Bitcoin price resistance without major decline makes the current options market situation even more intriguing. Market analysts view this as a possible bottom signal amidst intense fear, underscoring the critical importance of cautious decision-making in times dominated by panic.