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Bitcoin 
$110,871.06 In the options market, institutional investors’ interest in put options for protection purposes has peaked again. Latest data show that the value of total put transactions exceeded $1.15 billion, reaching 28 percent of the total market volume. After the price of Bitcoin retreated by failing to exceed the resistance of $ 115,000, the risk aversion tendency of institutional investors is considered as a harbinger of a new wave of decline in the market.
Institutional Put Transactions Increased Sharply
With Bitcoin’s price returning from $115,000, selling pressure increased again and the $110,000 support began to be tested again. The intense transaction traffic seen in the options market reveals that investors have a strong expectation of decline in the short term. Greeks.Live According to data, short-term, out-of-the-money put options in the $10,400–$10,800 range have become the most heavily traded contracts.
The market curve has turned significantly negative, indicating that the perception of downside risk has increased. Analysts state that the current negative skew is similar to the levels during the sharp market crash on October 10-11. In an environment of increasing volatility, market makers are strengthening their defensive positions. Purchasing options for protection has become the most common strategy in the short term.
Bitcoin Being on the Threshold of $100,000 Puts Altcoins in Stretch
The cautious attitude of institutional investors is not only in options but also in the spot market. ETF It also shows itself in their output. Popular analyst IncomeSharksHe compared Bitcoin’s technical outlook to the correction period at the beginning of the year, which lasted until $80,000. In the chart he shared, the biggest cryptocurrencyHe stated that if the price cannot maintain the critical support line around $ 100,000, the possibility of a deeper retreat will increase. A decline especially as the analyst thinks altcoinIt may be the trigger for a new collapse in the ‘s.
IncomeSharks emphasized that leveraged investors may suffer more losses from this process, and long-term investors should remain patient against the increase in short-term volatility. Coinglass data shows that 290 million dollars of the total liquidations reached 415 million dollars in the last 24 hours. long It shows that it comes from positions. The option expiration date on Friday is being watched closely as it may produce a new signal regarding the direction of the market.
