Greeks.live: Currently, the main block transactions are still mainly for position building and position adjustment. This month, institutions have significantly strengthened their layout of put options.

Odaily Planet Daily News Greeks.live macro analyst Adam wrote that today's largest option block trade was buying BTC put options with an expiration date of April 25, 2025 and an exercise price of $60,000. The cumulative transaction exceeded 1,000 BTC, with a nominal face value of nearly 100 million US dollars. Deep out-of-the-money is a low-cost extreme risk hedging or high-leverage speculation. Profits need to fall by more than 30% under the current circumstances. At present, the main block trades are still mainly for position building and position adjustment. This month, institutions have significantly strengthened their layout of put options. Large investors are not optimistic about the market this month, and the deep out-of-the-money protective positions have increased significantly.