Odaily Planet Daily News: Adam, a macro researcher at Greeks.live, posted on X platform that there were only five large cryptocurrency option bulk orders today, all of which were Bitcoin bulk orders. Multiple large buy put option trades indicate that the market's concerns about the decline in cryptocurrency prices have intensified, especially in the risk reversal trade (face value $33445520.00), highlighting institutional investors actively hedging against downside risks. The risk reversal strategy of buying reflects investors' conservative attitude towards upward potential while protecting downside risks, leading to increased market uncertainty.
