PANews February 27 News, according to CoinDesk, large Bitcoin ETF holders and treasury companies have recently been buying BTC put options with strike prices of $60,000 or below, and maturities of 6 months and 1 year on Deribit, as a hedge against price drops below $60,000. Deribit states that the holdings of BTC put options with a strike price of $60,000 have risen to approximately $1.5 billion, the highest among all strike prices and maturities on the platform, indicating a significant increase in demand for medium- and long-term downside hedges. Currently, Bitcoin spot prices are fluctuating around $67,000, but the 30-day implied volatility of put options is about 7% higher than that of call options, suggesting the market still favors downside protection.
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