Bloomberg: Traders begin hedging at $70,000 in Bitcoin options market
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Odaily reports that the Trump hype is fading in various markets, and the Bitcoin options market shows that investors and traders are starting to hedge against a downtrend. Traders have started to hedge in the Bitcoin options market at a $70,000 price. According to data from the cryptocurrency options exchange , the open interest of put options with a strike price of $70,000 has reached the second-highest level among all contracts expiring on February 28, totaling $4.9 billion in open interest that will expire on Friday. (Bloomberg)
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