Despite the Bitcoin Decline, Huge Purchases From Institutions, Which Are Seen as "Rare"! - Coin Newsletter

Despite the recent declines in the price of Bitcoin, there are some encouraging data coming in from the options markets.

Cryptocurrency options data provider Greeks.live shared up-to-date data. Despite the recent declines in the market, the data indicated that the options front was buying on April 2, revealing that very few sell-side options were traded.

Call options are clustered in both Bitcoin and Ethereum. On Ethereum in particular, call option trades accounted for 90% of today's total trades. Greeks.live described it as a "very rare occurrence":

Bitcoin continues to fall, dragging the crypto market down significantly, panic is spreading in the market, and futures premium levels are falling. However, there were a small number of puts in the options market, and all of the main trades today were buys. On Ethereum in particular, call option trades account for 90% of total trades today; This is a very rare level of share.

In the continuation of the statement, it was emphasized that options trading may become more volatile before and after the Bitcoin halving. The halving is expected to take place on April 19.