According to news from CoinWorld, on August 20, on-chain data analyst Murphy posted on social media that based on the "Options Premium Strike Price Heatmap" data, there was a large-scale bullish options activity in the strike price range of $123,708 to $129,685 on August 19; the cumulative premium size was approximately $43.32 million. At the same time, there was no net buying below the spot price, indicating that traders are more willing to spend money betting that BTC will have a chance to rise to this range, while the demand for put options is very light, with almost no one actively buying downside protection. On the other hand, there is a relatively large scale of sell options in the lower strike price range of $97,709 to $102,430, with a cumulative premium size of about $13.14 million. This indicates that option sellers find it hard to believe that prices will drop to this level and choose to sell volatility. Therefore, from the perspective of options market traders' sentiment, optimism remains; most still believe that BTC's trend is not over yet and bet that it can return to $124,000. Meanwhile, option sellers believe that BTC's maximum volatility is unlikely to fall below $102,000.
