News

Shocking 30% Spike in Crypto Put Options!

Key Points:

Ongoing bearish trends with market confidence continuing to drop, according to Adam from Greeks.live.
BTC Block Put hits $280M, and ETH Block Put reaches $90M, accounting for nearly 30% of transactions today.
Options market skews are tilting bearish, with increased implied volatility, signalling short-term declines ahead.

In a report from macro researcher Adam from Greeks.live, cryptocurrency markets continued to see bleeding, and crypto put option transactions surged.

Market Confidence Continues to Drop

According to Adam, the market’s nonstop decline doesn’t seem to stop, and investors are losing their confidence. Today, the number of crypto put option transactions went up, with such trades making up nearly 30% of the total options market, he added on the X platform.

In particular, BTC Block Put crypto put option transactions reached $280 million, while ETH Block Put transactions reached $90 million. Such an evident growth of put options means a rising bearish feeling among traders, and option data reinforces that view.

Large Put Transactions Shake Market

The leading term Skews tend to go bearish, which means traders fear further declines. Besides, the implied volatility has slightly increased, meaning traders expect higher uncertainty soon.

The crypto put options market is preparing for short-term falls, and nothing big is expected as a positive event anytime soon. Historically, September has been a relatively weak month for cryptocurrency markets, and this feeling of low sentiment is reflected in the current low sentiment.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.