🔍 Big Moves in Bitcoin Options!

- A major Bitcoin options trade on Deribit shows a bearish sentiment as Q1 wraps up. The trade involved over $1 million for 1,180 contracts of the $70,000 put option, set to expire on April 25.

- Put options allow selling at a set price later, indicating the trader expects BTC to drop below $70,000 from its current $84,000.

- Other trades include put ratio spreads and risk reversals, highlighting a cautious market mood.

- This bearish trend might be linked to investor concerns over potential tariff announcements by President Trump.

What are your thoughts on the market's direction? Share below! 💬