Analyst: Option data should not be used as trading signals in the current crypto market

According to Odaily, Greeks.live macro researcher Adam posted on X that more than half of the total open interest in options will expire this Friday, the 26th. Currently, rolling over positions is the absolute main force in trading, but this brings a lot of signal noise to the crypto market. In the past few days, it is not advisable to use options data as trading signals. For example, today the proportion of large put transactions reached 30%, but this is not a bearish signal. There have been many deep out-of-the-money and in-the-money put options traded. Of course, this should not be regarded as institutional views on price levels either, because when a large number of options are about to expire, many institutions roll over positions in advance to hedge against pin risk.