I analyzed the weekend market with Options Terminal: Big investors are clearly doing three things: 1. Selling near-term gamma / selling near-month volatility 2. Buying downside protection in the mid term or setting up defensive structures like put flies or collars 3. Engaging in pin and roll strategies around the 79k–80k range; the market as a whole has not entered panic pricing To sum it up in one sentence: Institutions weren’t betting on an “immediate one-sided collapse of BTC” over the weekend; instead, they’re using low-cost strategies to hedge against the left tail while continuing to capture near-term time value. Let me put it this way: The market currently doesn’t support chasing shorts; the decline hasn’t sparked market concern, and major players expect short-term consolidation! Now using http://terminal.glvs.ai(Greeks.live)