0206 - Options betting exceeding hundreds of millions of dollars following market crash | _2024111120230_ | May fall below 20K this year There are two bets on the trading volume charts that suggest Bitcoin may fall below $20,000 this year... Are institutions still frantically seeking safe havens? Options trading volume rose again today, peaking at over $400 million. 1️⃣ All the stocks on the list are puts, mainly betting that the price of Bitcoin will fall below these prices, including some black swan events like 23,000. 2️⃣ The 60K, 65K, and 70K options currently set to exercise at the end of March happen to be the top three options in terms of trading volume, indicating that institutions believe the probability of a short-term rebound exceeding 70K in the next two months is low. 3️⃣ The first appearance of 25DEC26 on the list indicates an increasing probability of a bear market throughout the year. Some traders are starting to bet on this, and today presented a potential buy the dips opportunity with a "potential Lunar New Year rally." However, it seems that institutional betting has not improved at all, and reducing trading frequency remains the most important thing.