Shocking 30% Spike in Crypto Put Options!
Key Points:
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.
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. |
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