Panic Sales in Bitcoin: Investors' Expectations Are Changing

Bitcoin dropped below $91,500 at the beginning of the week, erasing all its gains for the year. This situation caused serious concern among investors in the cryptocurrency market and intensified the selling pressure. The ongoing downward trend has led many investors to reassess their strategies for the future.

According to recent data, investors in the options market are gravitating towards positions expecting a more severe pullback. Notably, there has been a significant increase in options purchases aimed at hedging against declines towards the $90,000, $85,000, and $80,000 bands. The rise in these hedging positions indicates that the market is in a state of uncertainty.

Data obtained from Deribit, associated with Coinbase, indicates that trading volumes in these protective contracts expiring at the end of the month have reached record levels. In the current market conditions, investors are taking such measures to avoid incurring further losses. These positions highlight how cautious investors are against potential downturns.

This volatility in Bitcoin poses a significant risk not only for individual investors but also for institutional investors. The uncertainties in the cryptocurrency market and increasing volatility have become important factors influencing market dynamics. Experts recommend that investors take more careful and informed steps considering this situation.

Forecasts show that the potential for further declines in Bitcoin's price is a serious source of concern. Cryptocurrency analysts indicate that the current pullback may last until the end of this month, and investors should strategize accordingly. During this process, the market should be closely monitored, and necessary precautions should be taken.