CoinShares: Currently, the open interest in Bitcoin put options is mainly concentrated at the end of December and the end of January next year

Odaily Planet Daily Report: After Bitcoin hit a new all-time high, it has retreated, and some traders are already seeking to hedge against the risk of deeper corrections, after the original cryptocurrency first soared above $100,000. According to data from Amberdata, which tracks the digital asset market, the largest open interest in put options with strike prices of $95,000 and $100,000 has been seen in the past 24 hours, and the demand for put options in the $75,000 and $70,000 range has also increased. Luke Nolan, a research assistant at the cryptocurrency asset management firm CoinShares, said, "When we break it down by expiration date, we can see that the open interest in put options is mainly concentrated at the end of December and the end of January next year, with some in the end of February next year, which is logically reasonable to hedge against any corrections or unexpected events that may occur after this significant upswing."