Odaily News Data shows that the open contracts for $80,000 Bitcoin put options on Deribit have reached 10,278, valued at approximately $864.26 million. Analysts believe that amid economic uncertainty and potential trade tensions, traders are seeking downside protection. Later on Wednesday evening local time in the U.S., Trump is expected to announce comprehensive tariffs on its trading partners, which could lead to a full-blown trade war, prompting Bitcoin traders to pursue downside protection. (CoinDesk)
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Odaily News Data shows that the open contracts for $80,000 Bitcoin put options on Deribit have reached 10,278, valued at approximately $864.26 million. Analysts believe that amid economic uncertainty and potential trade tensions, traders are seeking downside protection. Later on Wednesday evening local time in the U.S., Trump is expected to announce comprehensive tariffs on its trading partners, which could lead to a full-blown trade war, prompting Bitcoin traders to pursue downside protection. (CoinDesk)