{"id":20000,"date":"2025-04-01T09:47:05","date_gmt":"2025-04-01T09:47:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20000"},"modified":"2025-04-01T09:47:05","modified_gmt":"2025-04-01T09:47:05","slug":"bitcoin-put-option-trade-with-1m-premium-highlights-concern-over-declining-btc-price","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20000","title":{"rendered":"Bitcoin Put Option Trade With $1M Premium Highlights Concern Over Declining BTC Price"},"content":{"rendered":"
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A large bitcoin (BTC<\/a>) options bet crossed the tape on Deribit as the first quarter drew to a close on Monday, revealing bearish sentiment from the trader behind the move.<\/p>\n

The so-called block trade carried a premium of more than $1 million for 1,180 contracts of the $70,000 put option expiring April 25, according to data tracked by Amberdata<\/a>.<\/p>\n

A put option gives the purchaser the right, but not the obligation, to sell the underlying asset at a predetermined price at a later date. A put buyer is essentially bearish on the market, in this case, anticipating a price drop to below $70,000 from the current $84,000.<\/p>\n

A block trade is a large, privately negotiated transaction executed outside the public market,\u00a0typically by institutions, to avoid affecting the going market rate.<\/p>\n

Other notable trades included a put ratio spread, featuring long positions in the $75,000 strike put and double short positions in the $70,000 put; and a risk reversal, involving a long position in the $90,000 call and a short position in the $70,000 put, as Pelion Capital founder Tony Stewart noted.<\/a><\/p>\n

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The bearish flow in the $70,000 put follows purchases of<\/a> put options expiring April 4 in the $78,000 to $85,000 range last week and increased demand for the $76,000 put option expiring on April 25.<\/p>\n

Broadly speaking, BTC puts are trading at a premium to calls, exhibiting downside sentiment out to the May-end expiry, as evident from the negative values in risk reversals.<\/p>\n

\"\"<\/p>\n

The bias for puts offering downside protection likely reflects investor anxiety surrounding President Donald Trump’s expected reciprocal tariffs<\/a> announcement on Wednesday. An aggressive move could weigh on risk assets, including cryptocurrencies.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A large bitcoin (BTC) options bet crossed the tape on Deribit as the first quarter drew to a close on Monday, revealing bearish sentiment from the trader behind the move. The so-called block trade carried a premium of more than $1 million for 1,180 contracts of the $70,000 put option expiring April 25, according to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20000","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20000"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20000\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}