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Crypto Traders Hedge BTC Rally After 40% Rise in 4 Weeks, Options Data Show

February 28, 2024
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Whereas the consensus is that that occasion, coupled with the robust inflows into the U.S.-based exchange-traded funds (ETFs), implies a supply-demand imbalance and potential for a continued transfer increased, some merchants have began to place for a pointy decline. They’ve begun snapping up bitcoin places, or choices to promote, at strike costs nicely under the going market charge as a result of perpetual funding charges level to a market that is overheated and will witness a correction, a drop of greater than 10%.



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Tags: BTCcryptodataHedgeoptionsRallyriseShowTradersWeeks
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