Traders Place Record 764,000 Brent Put Bets in Macro Signal for Bitcoin
- —Brent put option volume exceeded 764,000 contracts, a record high
- —Puts profit when oil prices fall below a stated level
- —The wager was placed Tuesday and has direct macro implications for BTC
Why it matters: A sharp drop in oil typically eases inflation pressure and supports risk assets, including Bitcoin.
Source: Coinotag