According to Odaily, traders are hedging against the risk of prices falling to the $100,000 mark as geopolitical and economic uncertainties increase in global financial markets. Data shows a surge in demand for put options, which provide downside protection by allowing holders to sell at a specific price, with short-term contracts being particularly prominent. Among options expiring on June 20, those with a strike price of $100,000 have the highest open interest, with a put/call ratio of 1. 16, highlighting concerns over a short-term decline
source: https://www.binance.com/en/square/post/25785565618113?utm_source=BinanceNewsRSS