🟦 Amid market pressure in the crypto industry, traders are actively building positions in options, betting on a decline in the prices of Bitcoin and Ethereum. Participants in “fast trading” began buying short-term put options even before the leading digital assets started to drop. This may indicate that traders had anticipated the downward movement.
🟦 Large funds have been less active in hedging their positions against declines, but analysts have observed successful purchases of put spreads for September. Despite the activity of smaller funds, the size of trades in the over-the-counter options market remains relatively modest.
🟦 Interest in purchasing longer-term contracts has also started to rise, linked to the relatively flat skew distribution on medium-term contracts. For Bitcoin, there are signals of testing levels between $40,000 and $50,000.