Bloomberg: Traders Begin Hedging at $70,000 Price in Bitcoin Options Market

Odaily Planet Daily News The Trump craze is fading across various markets, and the Bitcoin options market shows that investors and traders are beginning to hedge against a downward trend, with traders starting to hedge at a price of 70 thousand dollars in the Bitcoin options market. According to data from the cryptocurrency options exchange Deribit, the open interest for put options with a strike price of 70,000 dollars has reached the second highest among all contracts expiring on February 28, totaling 4.90 billion dollars in open interest set to expire on Friday. (Bloomberg)