BiyaPay analyst: Double signal warning! Bitcoin put options surge, miners' massive transfer selling pressure rises
TechFlowOct 18, 2025On October 18th, the market's risk aversion towards Bitcoin continued to rise. Two key leading indicators from the options market and miner on-chain activity simultaneously weakened, indicating that the market may be about to usher in a new round of selling pressure. According to Cointelegraph, the "30-day delta skew" of the Bitcoin options market has climbed to over 10%, meaning that professional traders are buying put options at a premium to hedge against potential downside risks. Deribit data shows that put option trading volume is 50% higher than call options, a new high in nearly a month, indicating a clear shift in investor sentiment to bearish. At the same time, CryptoQuant data shows that since October 9th, miners have transferred more than 51,000 Bitcoins (approximately $5.7 billion) to exchanges, the largest scale since July. Historical experience shows that concentrated transfers by miners usually indicate an increase in short-term selling pressure. Under the dual pressure, Bitcoin fell back to a price close to the low point of October 10th and 11th, and the market's "fear and greed index" fell to the extreme panic range. BiyaPay analysts pointed out that investors in the current market should be wary of high leverage and concentrated selling risks. The BiyaPay platform supports users to invest in US stocks, Hong Kong stocks, futures, and gold with USDT, and provides zero-fee spot and contract trading to help users achieve flexible allocation and risk hedging in the risk aversion cycle. [TechFlow]
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BiyaPay analyst: Double signal warning! Bitcoin put options surge, miners' massive transfer selling pressure rises
TechFlowOct 18, 2025On October 18th, the market's risk aversion towards Bitcoin continued to rise. Two key leading indicators from the options market and miner on-chain activity simultaneously weakened, indicating that the market may be about to usher in a new round of selling pressure. According to Cointelegraph, the "30-day delta skew" of the Bitcoin options market has climbed to over 10%, meaning that professional traders are buying put options at a premium to hedge against potential downside risks. Deribit data shows that put option trading volume is 50% higher than call options, a new high in nearly a month, indicating a clear shift in investor sentiment to bearish. At the same time, CryptoQuant data shows that since October 9th, miners have transferred more than 51,000 Bitcoins (approximately $5.7 billion) to exchanges, the largest scale since July. Historical experience shows that concentrated transfers by miners usually indicate an increase in short-term selling pressure. Under the dual pressure, Bitcoin fell back to a price close to the low point of October 10th and 11th, and the market's "fear and greed index" fell to the extreme panic range. BiyaPay analysts pointed out that investors in the current market should be wary of high leverage and concentrated selling risks. The BiyaPay platform supports users to invest in US stocks, Hong Kong stocks, futures, and gold with USDT, and provides zero-fee spot and contract trading to help users achieve flexible allocation and risk hedging in the risk aversion cycle. [TechFlow]
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