Large BTC Options Trade Signals Bearish Sentiment

A notable options trade involving Bitcoin (BTC) has emerged, signaling potential bearish sentiment among major investors. According to a report from Odaily, macro analyst Adam from Greeks.live highlighted a transaction involving the purchase of put options on April 25, 2025, with a strike price of $60,000, encompassing over 1,000 BTC and an estimated value of nearly $100 million. These deep out-of-the-money options serve as either protective hedges against significant losses or high-leverage speculative bets requiring a substantial price decline for profitability under current market conditions.