Analysis: In the past 24 hours, the trading volume of large put options for Bitcoin has significantly increased.

According to Mars Finance, analysis from Greeks.live shows that in the recent 24 hours, the trading volume of Bitcoin large put options has significantly risen, exceeding $1.15 billion and accounting for 28% of the total market transactions. The trading is mainly concentrated in shallow out-of-the-money put options for this week and this month, with the 10.4K to 10.8K range being a dense transaction area. At the same time, the negative skew has deepened, with a particularly noticeable short-term deviation, and the degree of negative skew deepening is comparable to the levels seen on the 11th. This indicates that the options market, especially among market makers and large investors, has a high level of panic regarding the potential fall in the market, even approaching the sentiment after the market's complete collapse on the 11th. Imitating the trades of these large investors and purchasing put options for defense may be a better choice now.