According to BlockBeats, Greeks.live analyst Adam shared insights on social media regarding cryptocurrency options trading on March 20. The transactions predominantly involved Bitcoin, featuring several large spread options and calendar options. These trades were primarily for portfolio adjustments or closures, indicating that major players have established directional positions, although the overall volume remains modest. This suggests that institutional investors are tentatively assessing market conditions.
The bulk trading activity highlights increasing divergence in market opinions on cryptocurrency prices, with participants cautiously positioning themselves. The evident split in market sentiment underscores the uncertainty prevailing in the cryptocurrency sector.