Crypto Options Market Sees Significant Trading Volume

According to BlockBeats, on October 15, Greeks.live researcher Adam reported on social media that the crypto options market experienced substantial trading activity following a continuous rise the previous day. Over the past 24 hours, the market saw transactions exceeding $1.2 billion. Bitcoin put options were the most traded, amounting to $530 million. The largest single transaction had a nominal value of $66 million. Overall, recent trends indicate stronger selling pressure in the options market, with put option prices being quite favorable. While the cost of buying puts is relatively low, this also suggests that the majority of the market does not have a positive outlook in this direction.