Bitcoin Put Options Hit 40% of Daily Volume, $2B Bear Spread Positioned for May Expiry

BTC0.82%
According to Greeks.live, nearly 40% of Bitcoin put options traded today (May 20) concentrated on a bear call spread with strikes at $75,000 and $71,000, expiring at the end of May. The total notional value of this defensive positioning reached approximately $2 billion, reflecting market participants hedging against potential pullbacks while maintaining bullish sentiment.
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