This week's crypto crash has led to some of the highest losses since the FTX collapse. Bitcoin's sharp decline below $50,000 has dramatically impacted the futures market, causing a massive reduction in leveraged positions. Interestingly, the options market remained relatively stable despite the chaos. While futures traders faced forced liquidations, options traders could hold onto their positions. However, what caused the second-highest options volume ever recorded, and why is there a discrepancy between the bullish open interest and the put-heavy trading volume? Discover the critical details inside...