BIT Bitcoin options market turns to defense, and demand for downside protection has increased significantly

BIT (formerly Matrixport) released today's chart saying that the bitcoin spot price has not fully reflected this change, but the options market has responded, with implied volatility rising significantly, and the demand for downside protection continuing to heat up. In the past week, bearish purchases accounted for 29% of bitcoin options transactions, and Ethereum reached 37%, and positions are clearly turning defensive. Behind this round of position adjustments is a reflection of traders 'deep concerns about geopolitical tensions: inflationary pressures may persist for longer, and the impact goes beyond oil prices to spread to a wider range of growth-sensitive assets. Therefore, it remains critical to continuously track changes in market positions, especially in the options market. Options often reflect changes in risk appetite in fast-money accounts and tactical funds earlier than spot funds. Although overall trading volume is still relatively low, market participants have not relaxed their vigilance, but are proactively managing tail risks. However, it is worth noting that Bitcoin is still outperforming other risky assets.