Bitcoin Options Puts Reach $1.15 Billion: Signals of Market Volatility and Potential Downturns

Institutional investors are driving up the price of Bitcoin options puts to record highs, exceeding $1.15 billion. This surge in activity has sparked concerns about potential market volatility and a crash akin to the October 2022 crypto crash. Deribit exchange is experiencing this influx of trades. The increase in put option volume reflects a heightened negative sentiment toward Bitcoin prices and the broader crypto economy.