Summary
- It was reported that after Bitcoin surpassed $100,000, some investors bought put options to prepare for a decline.
- The open interest in put options is mainly concentrated in the $95,000 to $100,000 and $75,000 to $70,000 ranges, with expirations in December this year and January next year.
- Despite the increase in demand for put options, the open interest in put options is still lower than that of call options.
According to Bloomberg on the 5th (local time), after Bitcoin (BTC) surpassed $100,000, some traders have started buying put options to hedge against potential declines.
Open interest in put options with strike prices between $95,000 and $100,000, and $75,000 to $70,000 has increased. The expiration dates are concentrated in December and January of next year.
However, despite the increase in demand for put options, the open interest in put options remains lower than that of call options.
Meanwhile, BTC is trading at $99,077.20, up 0.16% from the previous day, as of 5:49 AM on the 6th, based on the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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