Summary
- STS Digital CEO Maxime Seiler said Bitcoin (BTC) investors are building positions to prepare for price declines.
- He said demand for put options is rising in the options market as investors trim bullish positions and pay to hedge downside risk.
- He said put options are currently trading at a higher premium than call options, signaling stronger demand for protection against further declines.
Forecast Trend Report by Period
Bitcoin investors are building positions to protect against further price declines, with the options market showing growing demand for downside hedges.
DL News reported on June 13 that STS Digital Chief Executive Officer Maxime Seiler said in an interview that investors are preparing for the possibility of additional losses.
Bitcoin fell about 4% over the weekend amid uncertainty over US-Iran negotiations, he said, pointing to a source of market unease.
Seiler added that rising demand for put options reflects investor sentiment. Traders are trimming bullish positions while paying to defend against downside risk.
Put options are currently trading at a higher premium than call options, a sign that demand for protection against further declines is increasing.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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