https://www.cointribune.com/en/bitcoin-490-million-bets-on-a-crash-to-40,000-dollars-should-we-be-alarmed/
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Real cripto
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#BTC Bitcoin: 490 million bet on a crash to 40,000 dollars, should we be alarmed?
The Bitcoin options market shows a clear signal: the put at 40,000 $ has become the second largest bet before expiration on February 27, with around 490 million dollars nominal. In other words, part of the traders are paying a high price for a "catastrophe" insurance. Is this a prophecy? Not necessarily. It is often a reflection of hedging when the market has just been shaken. Bitcoin is today around $66,000–$68,000, after a sharp decline from the peaks of October. In this scenario, options look less like a vote on the future and more like a tight seatbelt at the last moment.
The Bitcoin options market shows a clear signal: the put at 40,000 $ has become the second largest bet before expiration on February 27, with around 490 million dollars nominal. In other words, part of the traders are paying a high price for a "catastrophe" insurance. Is this a prophecy? Not necessarily. It is often a reflection of hedging when the market has just been shaken. Bitcoin is today around $66,000–$68,000, after a sharp decline from the peaks of October. In this scenario, options look less like a vote on the future and more like a tight seatbelt at the last moment.