Bloomberg: Traders begin hedging $70000 in Bitcoin options market

Odaily Planet Daily News: The Trump craze has subsided in various markets, and Bitcoin options show investors and traders hedging against market downturns. Traders have started hedging $70000 in the Bitcoin options market. According to Deribit, a cryptocurrency options exchange, the number of open contracts (i.e., the number of open contracts) for put options with an exercise price of $70000 has reached the second highest among all contracts expiring on February 28th, with a total of $4.9 billion in open contracts set to expire on Friday.