Put options continue to dominate the market, with over $1 billion in BTC put options traded today, accounting for 37% of the total volume. The majority of these are out-of-the-money options priced between $60,000 and $65,000. In terms of expiration dates, the focus is on medium-term options expiring next month and in March. This indicates that institutions hold a negative outlook on the medium-to-long-term market trajectory, with a strong expectation of a bearish trend within the next one to two months.(Greeks.live)