According to Coindesk, Bitcoin options positioning has reversed sharply, with traders shifting from bullish $140,000 call options to bearish $80,000 put options. Open interest in the $140,000 call has dropped to $1.63 billion, while the $85,000 put now leads with $2.05 billion in open interest. This shift reflects a bearish market sentiment as BTC's price has fallen over 25% since October 8. Deribit's Chief Commercial Officer noted increased trading volumes in short-dated puts and a heavy put skew, indicating downside fears. On Derive.xyz, the 30-day skew has fallen to -5.3%, showing traders are paying more for downside protection. Dr. Sean Dawson of Derive.xyz highlighted a growing concentration of BTC puts around the December 26 expiry, particularly at the $80K strike.
Bitcoin Options Shift from $140K Calls to $80K Puts as Bearish Sentiment Grows
CoinDeskShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.