According to Mars Finance news, 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 number of call options on August 19 in the strike price range of $123,708 to $129,685; the accumulated premium scale 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 has 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, relatively larger sell options exist in the lower strike price range of $97,709 to $102,430; the accumulated premium scale is approximately $13.14 million. This indicates that option sellers feel it is difficult for prices to drop to this level, choosing to sell volatility. Therefore, from the sentiment of options market traders, optimism remains; most still believe that BTC's trend is not over and are betting it can return to $124,000. Meanwhile, option sellers believe that BTC's maximum volatility is unlikely to drop below $102,000.

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