🚨 $40K BTC PUT EMERGES AS 2ND-LARGEST OPTIONS BET AHEAD OF EXPIRY

Nearly $490M in notional is stacked at the $40,000 strike at the Feb 27 expiry.

Strong demand for downside protection remain even as $566M sits at the $75K max pain level and calls still outnumber puts overall $BTC

BTC
BTCUSDT
66,237
-1.67%

$ETH

ETH
ETHUSDT
1,934.05
-2.47%