With the price breaking below 70K, bears have become more aggressive, with significant increases in put positions at 68K, 65K, and 60K. Since last night, total trading volume has risen by 50%, block put trading volume has continued to climb, short-term IV has risen significantly, and skew has turned fully negative—indicating that bears are gaining momentum. Held puts have moved into the money. Since short-term in-the-money options have relatively low liquidity, closing positions outright results in significant slippage. You can first lock in delta using futures, then use http://terminal.glvs.ai automatic expiration feature to simulate expiration and let the positions expire naturally.(Greeks.live)