Adam, a macro researcher at Greeks.live, posted on X stating that put options continue to dominate the market. Today, $BTC large-size put options traded exceeded $1.00 billion, accounting for 37%, with out-of-the-money puts concentrated between $60,000 and $65,000.
Regarding maturities, medium-term options—primarily for the next month and March—are dominant, indicating institutional bearish sentiment toward medium- to long-term price action. Bearish expectations are particularly strong over the next one to two months.
