CryptoThe Blockabout 1 hour ago
Bitcoin Options Odds Rise for Crash
3 min read
Derive traders raised the probability of Bitcoin dropping below $70,000 by Christmas from 15% to 31%. Options trading volume hit $418 million last week, a 37% increase, with puts accounting for 55% of premiums. K33 data shows open interest rose 12% to 353,000 BTC, while U.S. spot ETFs saw net outflows of $1.28 billion.
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