PUTs are being rapidly traded, with over one-third of today's large-volume put options centered on the 60K–63K PUTs expiring at the end of this month, reflecting rising market risk-off sentiment. U.S. equities have seen increased volatility over the past two days, as accumulated risks are being released, impacting crypto markets and triggering a moderate correction. Market participants are now concerned about synchronized declines across multiple asset classes. With quarterly settlements approaching and prolonged low volatility, BTC is likely to experience a sharp breakout.
