I noticed an interesting trend in the Bitcoin options market — puts with a strike price of $20k are currently ranked third in popularity ahead of the quarterly expiration. It’s quite intriguing that investors are actively hedging their positions specifically at this level.



I analyzed options data and see that this interest in puts may indicate a certain caution in the market. People are preparing for a possible decline, choosing this particular price level as a key support.

Looking at the overall picture, quarterly expirations usually bring volatility. It will be interesting to see how this plays out in the coming days. Is anyone else watching the movement of these options?
BTC-0.23%
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