๐จ $490M BET ON BITCOIN PUTS AT $40K,MASSIVE DOWNSIDE HEDGE EMERGES
๐ Bitcoin put options at the $40,000 strike have surged to around $490 million in notional value, showing a sharp increase in hedging against a potential market drop.
โ ๏ธ This concentration of bearish protection suggests traders are actively preparing for a downside scenario rather than positioning for immediate upside.
๐ The options are reportedly set to expire soon, meaning volatility could spike as expiry approaches and large positions get resolved.
๐ง Interestingly, call options still outnumber puts overall, indicating the market is not fully bearish but heavily hedged against risk.
๐ The growing demand for $40K puts signals fear of a deeper correction and reflects institutional-level risk management rather than retail panic.
๐จ Overall, this massive derivatives positioning shows the market is entering a high-tension phase where traders are bracing for volatility, not stability.