Markets· ★★★· bearish·

Bitcoin options: open interest at $1.8B, put/call at 1.00 as traders hedge downside

  • —Open interest: 21,883 contracts worth $1.8B, put/call at 1.00
  • —24-hour volume: 30,095 puts vs 20,394 calls, put/call at 1.48
  • —Max pain at $84,000; largest OI cluster at the $90,000 call
  • —BTC trades near $81,937, down 1.49% on the day
Why it matters: A put/call ratio of 1.00 and heavier put volume point to rising demand for downside protection on bitcoin.
#BTC
Source: TokenPost
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