Institutional Traders Execute Over $1B in BTC Put Options, Signaling Medium-Term Bearish Outlook

BTC put options dominated trading activity today, with over $1 billion in large-volume put trades executed, representing 37% of total activity, according to Adam, a macro researcher at Greeks.live posting on X. The trades were concentrated in out-of-the-money contracts between $60,000 and $65,000, with leading positions in medium-term options expiring next month and in March. Adam said this reflects institutions' bearish expectations for market trends over the next one to two months.