Operadores de opciones de BTC se vuelven cautelosos mientras aumentan las apuestas bajistas
El mercado de derivados de Bitcoin muestra señales de nerviosismo mientras los traders se preparan para mayor volatilidad.
Cambio de Sentimiento en Opciones
Los datos revelan un aumento significativo en las posiciones bajistas—los operadores están acumulando puts de protección mientras el miedo se filtra en el mercado de derivados. Las ratios put-call se disparan justo cuando el mercado enfrenta presiones macroeconómicas.
Estrategias Defensivas
Los grandes jugadores están rebalanceando portafolios, moviéndose hacia coberturas más agresivas. Las estructuras de opciones muestran que los traders esperan mayor turbulencia en el corto plazo, aunque mantienen exposición al alza a más largo plazo.
Los mismos genios que predicen el fin de Bitcoin cada dos años ahora descubren el concepto de 'gestión de riesgo'—qué momento para estar vivo en las finanzas.
El mercado de cripto demuestra una vez más que la única constante es el cambio de opinión colectiva cada 24 horas.
BTC options traders seek downside protection
The weekly options positions changed quickly as the market switched to more fearful trading. In the past 24 hours, bearish trades have returned, with another $1.15B in options flowing into put options.
Analysts noticed large traders and market traders are trying to mitigate significant downside risk. The current weekly options trading also points to events similar to the market drop weekend on October 10-11.
Options buying has turned into another strategy to mitigate bigger price moves. The shift in put options is seen in the nearest options expiry events, while longer-term options still have a dominance of call options.
Put options are now one of the main tools to hedge against another rapid market downturn. The options expiry, however, may shift the trading sentiment.
BTC shifts to a lower range
BTC open interest remained slightly lower at $33B. The latest price moves led to a series of long liquidations. Over $80M in BTC longs were liquidated, as well as $1,165.6M of ETH long positions, as the token dipped under $4,000 again.
Based on open interest, BTC is now in a range between $111,000 and $113,000. Even with a short squeeze, BTC may not be able to shift to a higher price range.
Following a series of records in early October, BTC is now down around 4% net for the month. The Uptober narrative is questioned, as traders remain much more cautious.
Spot selling also accelerated, with miners moving 51,000 BTC to exchanges in the past week. While BTC is still in demand, short-term whales are using the spot market to avoid holding through drawdowns.
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