Bitcoin and Ethereum put options demand surges, market hedges downside risks

After Friday's sell-outs, the options market showed that investors are preparing for a possible further decline in bitcoin and ethereum. Sean Dawson, head of Derive.xyz research, pointed out that the market's short-term volatility sentiment is heating up, and traders are buying put options on bitcoin and ethereum in large quantities to hedge against latent risk. Data show that in the bitcoin market, 9 October 31, the expiration of $115,000 and $95,000 call-over put options surged, while 9 October 17, the expiration of $125,000 call-over call options from buy to sell, reflecting short-term market sentiment
In addition, traders are also looking at Ethereum call-over options at $4,000 (expiring on October 31) and $3,600 (expiring on October 17), while 9 December 26 saw heavy buying of call-over options at $2,600. Nic Puckrin, co-founder of Coin Bureau, said that despite the recent plunge clearing out excessive leverage, Bitcoin needs to break through key resistance levels in order to reach new all-time highs.