Shocking 30% Spike in Crypto Put Options!
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Key Points: Ongoing bearish trends with market confidence continuing to drop, according to Adam from Greeks.live. BTC Block Put hits $280M, and ETH Block Put reaches $90M, accounting for nearly 30% of transactions today. Options market skews are tilting bearish, with increased implied volatility, signalling short-term declines ahead. In a report from macro researcher Adam from Greeks.live, cryptocurrency markets continued to see bleeding, and crypto put option transactions surged. Market Confidence Continues to Drop 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. 下跌仍在持续，市场信心正在持续衰减。今天大宗期权市场出现了大量看跌期权成交，占到了总成交的近三成，其中BTC Block Put成交2.8亿美元，ETH Block Put成交9000万美元。期权数据方面，主要期限Skew都在向看跌方向偏转，隐含波动率小幅升高。总体来看，期权市场对未来的预期偏向于短期阴跌。… pic.twitter.com/3FufO6f9n7 — Adam@Greeks.live (@BTC__options) September 5, 2024 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. Read more: The Greatest Sports-Crypto Collab of 2024: BlockDAG’s $10M Partnership with BVB! What’s Next for DOGS Mini App & Pixelverse? Large Put Transactions Shake Market 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. Visited 12 times, 12 visit(s)…
Filed under: News - @ September 5, 2024 2:25 pm