Crypto Options Block Trading Sees Significant 250 Contract Movement – Coincu
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Key Points: Main event involves a 250 contracts transaction in crypto options expiring April 1. Analysts bet on market decline following March settlement shifts focus. Bitcoin’s pricing faces volatility amid trading activities and external economic factors. On March 31, Greeks.live analyst Adam reported the largest cryptocurrency options block trade over the weekend, involving 250 contracts of the 78000Put and 80000Put, both expiring on April 1. The trade signifies a bet that the cryptocurrency market will continue its decline following the March settlement, as Adam notes a rise in naked selling of put options. The cryptocurrency options market continues to show volatility as traders navigate uncertain macroeconomic conditions, said Adam, Macro Analyst, Greeks.live. 250 Crypto Options Contracts Expire April 1st The major options block trading of 250 contracts signifies a strategic expectation of market decline post-March. Greeks.live analyst Adam highlights naked selling of put options is on the rise. This indicates potential bearish sentiment in the market as traders prepare for potential downturns. Bitcoin was last priced at $81,357.97, experiencing fluctuations in response. Adam’s observations suggest traders are positioning for possible declines. Market activity reflects the growing hedging strategy with puts. Ben Zhou, CEO of Bybit, stated that perpetual swap contract liquidations are projected to reach $10 billion, highlighting the volatility and broader market implications of such trades. Historical Context, Price Data, and Expert Insights Did you know? In January 2025, 80,000 BTC options expired with a maximum pain point of $98,000, showing historical volatility patterns in speculative positions. Bitcoin (BTC) stands at $81,357.97 with a market cap of $1.61 trillion, reflecting the currency’s dominance at 61.50%. Data from CoinMarketCap shows a 24-hour trading volume of $19.89 billion, experiencing a -2.50% price shift in 24 hours. The crypto’s 60-day trend highlights a broader 22.84% price decline. Bitcoin(BTC), daily chart, screenshot on…
Filed under: News - @ March 31, 2025 11:26 am