The recent surge in interest surrounding Bitcoin has led to the significant positioning of a $40,000 put option, which has now emerged as the second-largest bet in the options market as we approach the impending expiry scheduled for next week in February. This development highlights a heightened anticipation among traders regarding Bitcoin's price movements and reflects the growing complexity and scale of options trading associated with this highly volatile cryptocurrency.
source: https://www.coindesk.com/markets/2026/02/19/tbitcoin-s-usd40-000-put-becomes-second-largest-options-bet-ahead-of-february-expiry-next-week