Analysts: Options data should not be used as trading signals in the crypto market in the near term.

According to Odaily Planet Daily, Adam, a macro researcher at Greeks.live, stated in an article on the X platform that more than half of the total open interest in options will expire this Friday, the 26th. Currently, rollover trading is the dominant force in trading, but this will introduce a lot of signal noise into the crypto market. It is not advisable to use options data as trading signals in the coming days. For example, today's large-volume put trades accounted for 30%, but this is not a bearish signal. There are many deep out-of-the-money and in-the-money put options traded. Of course, this should not be interpreted as institutional price levels, because many institutions roll over their positions in advance to mitigate the risk of large-scale expirations.