期权市场防御情绪升温：近四成成交为看跌期权，大额价差布局约2亿美元

Odaily Planet Daily News: Greeks.live posted an analysis on X platform, stating that Bitcoin Put block trades accounted for nearly 40% of today's total trading volume, with the concentrated trades being bear put spreads for the end of May at $75,000/$71,000, with a total notional value of nearly $200 million. Investors are taking advantage of the rebound to build defensive positions for the last ten days of this month.

Overall, the market is leaning towards defending against pullbacks but does not believe a crash is imminent. May and June have always been considered unfavorable months for the market, and major investors have been increasing their defensive positions this month: buying effective protection, selling tail risk financing, and controlling costs.