Analysis: In the past 24 hours, the trading volume of Bitcoin large put options has significantly risen.

PANews, October 16 news: According to analysis by Greeks.live, the Bitcoin options bulk market data shows that in the last 24 hours, the proportion of Bitcoin bulk put options transactions has significantly risen, exceeding $1.15 billion, accounting for 28% of the total market transactions. The transactions are mainly concentrated on shallow out-of-the-money put options for this week and this month, with the trading volume concentrated in the range of 10.4K to 10.8K. At the same time, the degree of negative skew has deepened, with short-term deviations particularly evident, and the extent of the deepening is comparable to the level of the 11th. This indicates that the options market, especially large players like market makers, is highly anxious about a potential downturn, even approaching the emotions seen after the market's complete collapse on the 11th. Mimicking the trades of these large players by purchasing put options for defense would be a better choice now.