$BTC -260102-75000-P is trading at 90.00, down 28.00% on the day after a volatile swing. The contract tagged a 24h high at 140.00 before cooling off and settling near the session low at 90.00. Mark price stands higher at 97.48, showing mild divergence as volatility compresses.

On the 1H chart, price is hovering near the lower Bollinger Band at 87.90, while the mid-band sits at 112.50 and the upper band at 137.10. This positioning highlights short-term bearish pressure with potential stabilization at current levels.

Volume remains active with 32.49 contracts traded and 2.84M USD in 24h turnover, confirming continued interest in downside protection. Volatility is elevated, momentum is slowing, and traders are closely watching whether this put finds a base or resumes its slide.

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