BTC's $40K put is now the 2nd biggest options bet

BTC ETFs bled $133M. Fear & Greed screams Extreme Fear. And the $40K put is now Bitcoin's second-largest options position. Meanwhile, Base just dumped the OP Stack. Someone's rewriting the L2 map.Today's key developments:• Bitcoin's $40,000 put is now the second-largest options position ahead of next week's February expiry. ETFs bled $133M while sentiment sits in Extreme Fear.• Coinbase is abandoning Optimism's OP Stack for Base, building its own unified tech stack. OP token plunged double digits on the news.• Ledn raised $188M in the first-ever Bitcoin-backed asset-backed securities deal, packaging over 5,400 BTC-collateralized loans. S&P rated the majority BBB-.📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/new-post-fa6d?[object Object]🔔 Subscribe for daily crypto market updates!⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.#crypto #bitcoin #ethereum #dailypulse #tokenmetricsSign up for the Daily Pulse at tokenmetrics.com