BTC Call Options OI(Open Interest) is much more than Put.
But, Put Options 24h Volume is much more than Call. It seems that the number of Put Options traders who are betting on BTC declining is increasing.
Let's take a look at BTC Liquidation Map chart. Cumulative Short Liquidation size is two times that of Long.
If I were a hedge fund or a big player, I would buy Call Options and hold them untill the expiry date. Additionally, to liquidate Cumulative Short positions, I would buy spot BTC, then make profits.
Nevertheless, BTC is declining today.. I expected BTC price would increase today.
The next BTC Options Expiry date is .. 50 hours left. I hope to see a long Green candlestick soon!!