Analyst: Over the weekend, a whale's large bearish bet without hedging was observed, reflecting a strong bearish signal

BlockBeats News, March 31st, Greek.live analyst Adam published the Cryptocurrency Options Block Trading Daily Report, stating that the largest options block trade over the weekend was 250 contracts of the 78000Put expiring on April 1st and 250 contracts of the 80000Put expiring on April 1st. Strategy Logic: Betting that the market will continue to decline after the March settlement, there has been an increase in such naked selling of put options just before the settlement. This weekend, they directly added 500 contracts, spending nearly $300,000 in premiums.

Adam suggested that a whale's bearish bet without protection is a strong bearish signal, and one should be constantly aware of the downside risk in the market. Weekend block trades were limited, with other blocks mainly focused on rebalancing after the monthly settlement. Calendar spreads and vertical spreads are the most popular combinations. Overall, the market is mainly characterized by negative Delta and positive Theta, with a gradual decline being the mainstream view. The bearish sentiment for ETH will be even stronger.