PANews reported on October 14th that, following last Friday's wave of margin calls, investors in the options market are preparing for further volatility and declines in Bitcoin and Ethereum, actively positioning themselves for protection against another potential plunge. Derive.xyz Head of Research Sean Dawson stated that volatility jumped across the board last Friday, and market sentiment regarding short-term volatility suggests a growing concern about downside risks. Data shows that traders are heavily buying Bitcoin and Ethereum "put options," suggesting the market is hedging against potential downside risks. In the Bitcoin market, there was a significant buying of put options with strike prices of $115,000 and $95,000, expiring on October 31st. There was a shift from buying to selling of call options with a strike price of $125,000, expiring on October 17th, indicating a pessimistic short-term outlook. Derive.xyz co-founder Nick Foster stated that traders are focusing on options with strike prices of $4,000 (expiring on October 31st) and $3,600 (expiring on October 17th). He also noted a surge in buying of put options with a strike price of $2,600 and expiring on December 26, indicating that bearish sentiment is continuing until the end of the year. Nic Puckrin, co-founder of Coin Bureau, said: "The good news is that this plunge has cleared out excess leverage and temporarily reset market risk, but Bitcoin now faces another uphill battle: it must break through key resistance levels before it can achieve a meaningful new all-time high this year."