TechFlow news, October 16: Adam, macro researcher at Greeks.live, posted on social media stating, "Data from the Bitcoin options block trading market shows that in the past 24 hours, the proportion of large-block put options transactions has significantly increased, with over $1.15 billion accounting for 28% of total market volume. Transactions were mainly concentrated in near-term slightly out-of-the-money put options for this week and this month, with the 10.4K to 10.8K range being the densest trading zone.
Meanwhile, Skew's negative skew has deepened, especially in the short term, reaching a level comparable to that of the 11th. This indicates a high degree of fear among options market participants, particularly large players such as market makers, regarding further downside, approaching the sentiment seen after the market-wide collapse on the 11th.
Following these major players' trades, purchasing put options for defense would currently be a better choice."
