Analysis: Hedging activity around Bitcoin $80,000 put options surges.

Odaily News CoinDesk analyst Omkar Godbole pointed out that hedging activity around Bitcoin's $80,000 put options has surged, and the trading environment may be challenging in the short term. From a macro perspective, the excellent performance of 10-year government bonds as traditional safe-haven assets has raised alarms for other risk assets, including stocks. However, the situation may change by the end of the year, especially if the Fed is expected to cut interest rates by 25 basis points early next month, signaling a clear dovish stance. (CoinDesk)