Opinion: Bulk trading shows market divergence on future trends intensifies, sentiment divergence is obvious

In a post on social media, Greeks.live analyst Adam said, ‘Cryptocurrency options block trade orders on 20 March remained focused on Bitcoin. A number of large spread options and calendar options, and all of them were transfers or closures, suggesting that large investors have laid out some directional positions, but the total amount is not large, or institutional investors are tentatively checking out the market. The large trades show that the market is tentatively laying out positions as the divergence in views on cryptocurrency prices intensifies, and market sentiment is clearly divided.’