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Cost of Bitcoin Put Options at $70,000 Strike More Than Doubled in One Day
(3 hours ago) · 1 source · Summarized by CryptoBipto
The cost of hedging Bitcoin at a $70,000 strike price reportedly more than doubled within a single day. This sharp increase in options pricing reflects heightened demand for downside protection among traders. The move signals increased uncertainty in the Bitcoin derivatives market.
WHY IT MATTERS
Think of a put option like an insurance policy for your car.
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SOURCES
- cryptoslate.com
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