Analysis: Bitcoin put option trading volume has increased significantly in the past 24 hours

Huoxun Finance reported on October 16th that, according to Greeks.live analysis, Bitcoin options block market data shows a significant increase in the proportion of large-scale put options trading in the past 24 hours, exceeding $1.15 billion, accounting for 28% of total market volume. Trading was primarily concentrated in shallowly out-of-the-money put options for this week and this month, with trading concentrated between 10.4K and 10.8K. Furthermore, the skew has become more negative, with the short-term skew being particularly pronounced, reaching levels comparable to those seen on the 11th. This suggests that the options market, particularly among major players like market makers, is experiencing a high level of fear regarding future market declines, even approaching the sentiment seen after the full-scale market crash on the 11th. Mimicking the trades of these major players and purchasing defensive put options would be a better option now.