Analysts: Put options continue to dominate the market, with strong bearish expectations.

Adam, a macro researcher at Greeks.live, wrote on the X platform that put options continue to dominate the market. Today, over $1 billion worth of BTC put options were traded, accounting for 37% of the total, with out-of-the-money options mainly in the $60,000 to $65,000 range. In terms of maturity, the majority were medium-term options with maturities of next month and three months, indicating that institutions hold a negative view of the medium- to long-term market, with a strong expectation of a bear market within one to two months.