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Bitcoin News Update: Institutions Acquire Crypto Shares Amid Rising Bearish Bets on Bitcoin

Bitcoin News Update: Institutions Acquire Crypto Shares Amid Rising Bearish Bets on Bitcoin

Bitget-RWA2025/11/24 08:12
By:Bitget-RWA

- Bitcoin's $80,000 put options dominate trading with $2B open interest, signaling sharp bearish reversal after its worst monthly drop since 2022. - ETF outflows accelerated declines, with $3.8B November redemptions, while Ark Invest added $38.7M in crypto equities amid market fragmentation. - Analysts warn leveraged losses ($19B in October) and forced liquidations amplify downturn, with Citi noting critical support at $80,000. - Market remains divided: Binance calls pullback "healthy," while Peter Brandt

As

slides toward the $80,000 mark, traders are swiftly shifting to more defensive positions in the options market. Put options now dominate activity, marking a notable change from the previous bullish sentiment. According to Deribit, the $80,000 put has become the most traded contract, with open interest exceeding $2 billion, . This adjustment highlights a broader mood of caution, as participants seek protection following .

Bitcoin News Update: Institutions Acquire Crypto Shares Amid Rising Bearish Bets on Bitcoin image 0

The recent decline has wiped out an estimated $1–1.2 trillion in total market capitalization since early October,

, as macroeconomic headwinds and the unwinding of leveraged trades take their toll. Outflows from ETFs have accelerated the drop, with . At the same time, , purchasing $38.7 million worth of , Technologies, and Internet Group shares on Thursday. This stands in contrast to the broader market, where the CoinDesk 20 Index dropped more than 4.7% that day.

Options flows highlight the growing pessimism.

until the $80,000 strike took the lead. Jean-David Pequignot, Deribit's Chief Commercial Officer, remarked that "short-term downside risks are real," with near-term implied volatility close to 50% and a pronounced tilt toward puts for downside protection. , with leveraged losses surpassing $19 billion in October alone.

Despite the turbulence, new ventures are launching to take advantage of the changing landscape.

to appeal to those who value steady returns over speculation.

Opinions remain split regarding the future direction of the market.

, while others like Peter Brandt believe the downturn is essential for long-term progress. Still, technical signals point to significant bearishness, with Bitcoin’s Fear & Greed Index hovering near 15 and prices down 23% from October peaks. around key support levels such as $80,000. Ongoing ETF outflows, macroeconomic shifts, and on-chain data will continue to influence the path forward. For now, the options market reflects a cautious stance, as traders prepare for more turbulence ahead.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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