Bitcoin Is ‘Running on Empty’ as Price Bets and Hedges Shift: Glassnode

Glassnode's Nov. 11, 2026 report warns Bitcoin's market structure is weakening as capital departs even while larger investors accumulate. Options traders are hedging downside exposure, and prediction markets assign cautious probabilities to Bitcoin's recovery, signaling a market 'running on empty' with shifting price bets and hedges.