The bets that Bitcoin will fall below $75,000 are now as intense as the bets on $100,000.
This increase in demand for low-strike put options contrasts with the post-Trump election pattern of enthusiasm for high-strike call options.
What you need to know:
The drop in Bitcoin's price has sparked a surge towards put options as traders seek protection against further declines. The $75,000 put option, which represents a bet on BTC's price falling below that level, is now as popular as the bullish $100,000 call option. This increase in demand for low-strike put options contrasts with the post-Trump election pattern of enthusiasm for high-strike call options.
BTCUSDT
Perp
66,825.8
-1.78%