- Rising exchange whale ratio and hike in put options suggested Bitcoin may face selling pressure soon
- Bitcoin’s Options market revealed heightened demand for downside protection
Bitcoin [BTC ($94,944.00)] may be heading into turbulent waters. A sharp uptick in exchange whale activity and growing caution in the Options market are flashing early warning signs.
As the exchange whale ratio climbs to its highest level in over a year and put options outpace calls in both volumes and premium, traders appear to be bracing for potential downside.
The shift in sentiment suggests that some of the market’s biggest players might be preparing to sell, raising the possibility of greater volatility in the days ahead.
Exchange whale ratio – A signal of potential selling pressure
The Exchange Whale Ratio climbed to 0.6 &ndash...
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