Institutional Investors Expect a Decline in Bitcoin

Recent data shows that investors' bearish expectations have resurfaced in the Bitcoin (BTC) options market. In the last 24 hours, a total of $1.15 billion worth of put (sell) options were traded. Analysis provided by Greekslive reveals that 28% of these transactions in the Bitcoin block options market are bearish.

This $1.15 billion trading volume has predominantly concentrated on short-term options in the $104,000-$108,000 range. It is noted that investors are attempting to hedge against potential short-term declines, and the increasing volatility in the market has led large investors to adopt such strategies.

The movement of the "skew" data in a negative direction indicates that investors are concerned about the possibility of a new decline in Bitcoin's price. This situation is approaching levels seen before the sharp drop on October 11. Data suggesting that the market has entered a cautious mode again indicates that major players are taking defensive positions against bearish scenarios.

Experts emphasize that for investors looking to adopt a similar hedging strategy, short-term put options could be a suitable option. The critical price levels and market dynamics that investors need to pay attention to during this process may provide important signals regarding Bitcoin’s future movements.