Aug. 26 at 12:13 AM
Seeing some heavy bearish action on
$BCH
Big sweep of 2,819 contracts for those 13% OTM January puts,
$169.6K premium
That kind of momentum is no joke, could push implied volatility up and add downside pressure
And check this, a fresh 763-lot January 2026
$25 put sweep for
$49.2K
No prior open interest there
Feels like serious bearish positioning
If dealer hedging kicks in, we might see a drop below
$25
Watch out for more volatility ahead