🚨 $490M BET ON BITCOIN PUTS AT $40K, MASSIVE DOWNSIDE HEDGE BEFORE EXPIRY
📊 Bitcoin put options at the $40,000 strike have surged to around $490 million in notional value, signaling a major wave of downside hedging by traders.
⚠️ The concentration of these bearish bets ahead of the February 27 expiry shows the market is actively preparing for a potential volatility spike.
🔍 Open interest data highlights a strong cluster of puts at $40K, indicating this level is seen as a key risk zone by derivatives players.
🧠 Despite the bearish protection, call options still outnumber puts overall, meaning traders are hedging risk rather than fully turning bearish.
📉 Large put positioning typically reflects institutional risk management, not panic, as funds protect portfolios against sharp downside scenarios.
🚨 Overall, this massive options setup suggests the market is entering a high-tension phase where traders expect volatility — not stability — in the near term.
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