Greeks.live researcher: Options data shows that large investors believe that there is little risk of short-term surges and crashes, but there will be

Adam, a macro researcher at Greeks.live, posted on X platform that due to end-of-month portfolio adjustments, bulk trading of options dominated Bitcoin options trading yesterday.

Bullish and bearish bulk trading each accounted for 30% of the trading volume, mainly consisting of four clearing-style bulk trades and several diagonal spreads.

Large-scale portfolio adjustments by these big players immediately bought diagonal spreads with released margins, long-term volatility, and short-term tail risk to reduce costs.

In short, these big players believe that there is little risk of short-term (within a month) volatility, but there will be large fluctuations in the first half of the year.