Bitcoin Holds $110K, But Traders Just Bet $1.15B on Crash to $104K

Bitcoin institutional traders bet over $1.15 billion on downside protection in the past 24 hours, with put options accounting for 28% of total market transactions despite Bitcoin holding above $110,000. Greekslive reported transactions concentrated in shallow out-of-the-money puts for this week and month, with a trading range of $104,000 to $108,000 forming the dense area. Market skew turned deeply negative, with short-term deviation comparable to October 11 levels immediately after the $19 billion liquid ...