Crypto Options Signal Market Weakness and Bearish Sentiment for Ethereum

Weekend cryptocurrency options activity revealed ongoing market weakness, according to Greek analysis from Adam, a TechFlow analyst. A substantial block trade involving 250 naked put options was executed, selling shares at $78,000 and $80,000 strike prices with an expiry date of April 1st. This follows the March options expiration, and institutional sentiment suggests further downside pressure on the market. Most large transactions focused on post-delivery position adjustments using calendar spreads and vertical spreads as preferred strategies. The options market is displaying a negative Delta and positive Theta structure, suggesting traders anticipate limited upside and are generating income from time decay. Notably, Ethereum shows a stronger bearish outlook compared to Bitcoin, highlighting broader caution amongst altcoins.