Ether put options concentrate at $2,200. Is it a hedge or a bearish indicator?

Ether put options are clustering at $2,200, suggesting either a hedge or a short-term bearish outlook for the digital asset, an analyst said. source: https://www.theblock.co/post/278204/ether-put-options-concentrate-at-2200-is-it-a-hedge-or-a-bearish-indicator?utm_source=cryptopanic&utm_medium=rss