$40K $BTC Put Is Now The 2nd-Largest Options Bet Ahead Of Expiry
Nearly $490M In Notional Value Positioned At The $40K Strike For Feb 27 - Serious Demand For Downside Protection.
→ $490M At $40K Put Strike
→ $566M At $75K Max Pain Level
→ Calls Still Outnumber Puts
Big Players Are Hedging Hard Below While Heavy Positioning Sits Above.
If You're Not Watching The Options Market, You're Trading Blind.