Bitcoin Options Market Sees Spike in Protective Puts: Risk-Averse Investor Behavior.

Institutional investors are increasingly employing protective put options in the Bitcoin options market, as evidenced by recent data indicating a surge in their value exceeding $1.15 billion, representing 28% of total market volume. This trend is linked to Bitcoin’s failure to surpass the crucial $115,000 resistance level, creating significant risk aversion among investors. As Bitcoin’s price retracts, this heightened risk-averse behavior by institutional investors suggests a potential new wave of market decline.