Analysts: Data shows that options traders remain optimistic, with most believing the trend is not over yet.

BlockBeats news, on August 20, on-chain data analyst Murphy posted on social media that according to the "Options Premium Strike Price Heatmap" data, on August 19, there was a large-scale bullish call options in the strike price range of $123,708 to $129,685; the cumulative premium scale was about $43.32 million. At the same time, there was no net buying below the spot price, indicating that traders were more willing to spend money betting that BTC would rise to this range, while the demand for put options was very light, with almost no one actively buying downside protection. On the other hand, there were larger-scale sell options in the lower strike price range of $97,709 to $102,430; the cumulative premium scale was about $13.14 million. This indicates that options sellers find it difficult for BTC to fall to this level and choose to sell volatility. Therefore, from the sentiment of options market traders, it remains optimistic; most still believe that BTC's trend is not over and bet it can return to $124,000. Meanwhile, options sellers believe that BTC's maximum fluctuation is unlikely to fall below $102,000.