Whales plummet the eyes: "Negative signs for Bitcoin!" from institutions - Coin Bulletin

In the crypto market, whales have given a strong sell signal by purchasing large sell options in anticipation of a drop following the March delivery.

According to Greeks.live, which provides options market data, large transactions made on $78,000 and $80,000 put options expiring on April 1 indicate expectations of market weakness.

These large positions can be interpreted as a bet that the market will get dumped after the March delivery. Especially the strategies employed just before the delivery show that investors anticipate weakness in the market. The addition of 500 positions made this weekend was executed at a cost of nearly 300,000 dollars.

(# Strong get dumped expectation of whales

It is important to note that these large bets are made by whales. Transactions carried out with unprotected put options provide a strong signal that the market will get dumped seriously. This situation means that investors may go through a risky period and indicates that caution is needed.

Greekslive made the following assessment regarding large positions: “The big whale opened unprotected positions with expectations of a drop; this is a strong sell signal and means that caution should be taken regarding the market's drop risk.”

Other major transactions over the weekend were mostly focused on monthly post-delivery transfers. In general, negative delta and positive theta strategies prevail, which indicates a slow bearish trend in the market. On the Ethereum )ETH###, the bearish expectation is more pronounced.