Greeks.live analyst Adam posted on social media, "Cryptocurrency options block trade orders on March 20 are still concentrated in Bitcoin. Multiple large spread options and calendar options, and they are all position squaring or position squaring, show that large players have laid out some directional positions, but the total amount is not large, or institutional investors are trying to check the market situation. The block trading shows that the market's views on the price of cryptocurrencies have intensified, and it is being tentatively deployed, and the market sentiment is clearly differentiated. "