Following the recent rallies in the cryptocurrency market, some investors have begun to take notice of the correction.
According to cryptocurrency options data provider Greeks.Live, some options traders are precaution against sudden rises started to get it. These investors who turn to hedge positions sell option while accelerating their purchases risk of a possible correction came.
Bitcoin in the last week 15% Ethereum’s 14% increase were among the factors that pushed investors to take this measure. During these increases, futures transaction amountsextreme riskyWhile climbing up to the ” region, the market greed also reached its peak.
Greeks.Live has a face value of more than $5 million in the last 24 hours. More block orders with sell direction than 50 noted that it was being processed. In the statement made on the subject, this situation It has only been seen a few times in historyfaded:
This market phenomenon is relatively rare and has occurred only a few times in history in major spot-driven bull markets where spot holders turned to put options for protection. While he held the spot to get the most explosive momentum of the bull market, a small portion of the profits were used to hedge the downside.
On the other hand, large purchases by spot Bitcoin exchange-traded fund (ETF) issuers and the Bitcoin halving (halivng), which is expected to take place in April, have managed to keep the upward trend at a strong momentum so far.