Recent trends in Bitcoin options markets reveal growing bearish sentiment among traders, with increased activity observed in put options as institutional investors ramp up their participation. Negative funding rates on major exchanges like Binance and OKX suggest a prevalence of short positions, potentially foreshadowing further declines in both Bitcoin (BTC) and Ethereum (ETH) prices. 🤔 While this bearish activity may be contributing to market volatility, it also indicates an increase in interest from institutional players who are actively engaging in put options. With over $1.15 billion in bearish put options recorded on exchanges like Binance and OKX alone, this highlights their significant involvement in the current market dynamics. 🧐 The effect is being felt across the market, with Bitcoin miners sending a staggering 51,000 BTC to exchanges recently, further fueling selling pressure. This movement has impacted liquidity and amplified the risk of volatility as investors adopt a cautious approach.