Greeks.live: Large short option holders are starting to take profits, while large bullish holders are becoming increasingly optimistic about the market
ChainCatcher news, Greeks.live macro researcher Adam posted on social media that as we return to the workweek, BTC continues to decline, and market sentiment is relatively low.
However, the options market shows different signals. Today, large trades mainly involved selling ETH put options, with 60,000 contracts traded for the end of this month alone. From the transaction prices, it appears that large short sellers are starting to take profits.
At the same time, there has been an increase in large players actively buying call options, which now matches the selling strength of retail investors. Currently, Bitcoin and Ethereum are in a very delicate position, with little likelihood of sideways movement, making the profit and loss of buying options relatively favorable.