Traders Bet Big on Bitcoin Puts at $20K
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Traders are betting big on bitcoin put options, with nearly $600 million in notional value at the $20,000 strike on Deribit. This comes as bitcoin trades below $70,000 and Middle East tensions fuel crash fears. However, many of these low-odds options are sold to pocket premiums, indicating a mix of views on both sharp falls and big rallies. Deribits total bitcoin options notional value stands at $13.5 billion, with a slightly bullish market skew. The max pain point sits at $75,000, potentially drawing the price there as expiry nears.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/a22ede24eaabed70