INSIGHT: $1.8B in Bitcoin options expire today, but with a low put/call ratio of 0.54, bulls appear to have the upper hand as max pain sits near $68,000. However, Deribit notes that Bitcoin put options are now more expensive than Ethereum's, suggesting traders are actively hedging against potential downside risk. Analyst 'Daan Crypto Trades' highlights that Bitcoin has remained relatively stable during recent geopolitical events, holding strong above the previous $60k lows.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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