Summary
- Bitcoin options traders hold a bearish outlook, with an increase in demand for put options.
- An analyst stated that a significant market drop is expected after the Bitcoin conference, leading to more put option positions.
- Algorithm trading reports also predict Bitcoin weakness, with algorithm trading bots focusing on investments prepared for a decline.
An analysis has emerged indicating that Bitcoin (BTC) options traders are expecting a decline.
On the 28th (local time), Adam from Greeks.live analyzed on X (formerly Twitter) that "most options traders are anticipating a drop in Bitcoin," adding, "especially after the Bitcoin conference, the market is expected to fall significantly."
He particularly noted the increasing trend in put options in the market. He stated, "Although Bitcoin's price has steadily risen, traders are holding large put option positions," and "most share a common outlook that if Bitcoin's buying pressure weakens even slightly, a significant drop will occur."
He continued, "Algorithm trading reports also predict a bearish trend," adding, "Algorithm trading bots are also focusing on investments prepared for a decline."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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