Analyst: Last weekend, a huge bet was placed on the decline without any protection, reflecting a strong bearish signal

Odaily Planet Daily reports that Greeks.live analyst Adam released a cryptocurrency options bulk trading daily report, stating that the largest bulk options last weekend were 250 pieces of 78000Put expiring on April 1 and 250 pieces of 80000Put expiring on April 1. The strategic logic is to bet that the market will continue to decline after the March delivery, and such naked put option operations have been increasing on the eve of delivery. This weekend directly added another 500 positions, costing nearly $300,000 in premiums.

Adam suggests that whales are betting bearish without protection, which is a strong bearish signal and we need to be constantly aware of market downside risks. There are fewer large trades over the weekend; other major ones mainly involve repositioning after monthly deliveries. Calendar spreads and vertical spreads are the most popular combinations. Overall, negative Delta and positive Theta dominate; there's a mainstream view in the market for gradual declines with ETH having a stronger bearish tendency.