Bitcoin Put Options Dominate Trading with Over $1 Billion in Volume as Institutions Turn Bearish

Bitcoin put options led trading activity on February 12, with over $1 billion in volume accounting for 37% of total trades, Greeks.live said. Out-of-the-money flow concentrated on strike prices between $60,000 and $65,000 with medium-term expiries in the next one to two months. Greeks.live noted the pattern suggests institutions have adopted a more bearish stance over that timeframe.