Greeks.live: Multiple large-scale purchases of BTC put options highlight institutional investors actively hedging against downside risks
Odaily Planet Daily reports that Adam, a macro researcher at Greeks.live, posted on the X platform stating that today there were only five large cryptocurrency options bulk orders, all of which were Bitcoin. Multiple large-scale purchases of bearish option trades show an increased market concern about the decline in cryptocurrency prices, especially the risk reversal trade (denominated at 33,445,520.00 USD), highlighting institutional investors actively hedging against downside risks. The risk reversal strategy reflects investors' conservative attitude towards upward potential while protecting against downward risks, increasing market uncertainty.
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