Analyst: Last weekend, whales placed bearish bets without protection, reflecting a strong bearish signal

Odaily Planet Daily News Greeks.live analyst Adam released a daily report on cryptocurrency options block trading, saying that the largest options block last weekend was 250 78,000Puts expiring on April 1 and 250 80,000Puts expiring on April 1. Strategy logic: Betting that the market will continue to fall after the March delivery due to weakness, such naked selling of put options has been increasing since the eve of delivery. This weekend, 500 positions were directly added, spending nearly $300,000 in premiums. Adam suggested that the whale bet on the bearish and unprotected, which is a strong bearish signal, and it is necessary to pay attention to the risk of market decline. There are fewer block trades on weekends, and other blocks are mainly based on position adjustments after monthly delivery. Calendar spreads and vertical spreads are the most popular combinations. Overall, negative Delta and positive Theta are the main ones, and a gradual decline is the mainstream view of the market, and ETH will be more bearish.