The movement in the Bitcoin (BTC) price that started this week painted a rare picture in the cryptocurrency market.
Quoted by derivatives analyst Greeks.live information Accordingly, with the rise in Bitcoin price, the implied volatility of contracts expiring on critical dates began to increase.
In a day total of 5 million dollars overvalued More than 50 block transaction orders entered, in a few of the largest of these positions an out-of-the-money put option is purchased specified.
Analyst, “This situation in the market is somewhat rare and occurs in largely spot-based bull markets where spot investors buy put options to protect themselves. only a few times throughout history happened.” said.
Greeks.live reports that some investors who made gains after the rise in price out-of-the-money put option He wrote that it can be used to get