Just noticed something interesting in the options market - that Bitcoin $40,000 put position became the second-biggest bet before the February expiry. Pretty significant positioning when you think about it. The bitcoin options expiry was coming up that week and there was clearly a lot of hedging activity happening. Makes you wonder what traders were expecting at that price level. Anyway, always worth watching where the big money is putting their options bets. These bitcoin options expiry dates tend to show you where people think support or resistance might hold.