Deribit Chief Commercial Officer: Traders are looking to hedge against BTC declines
Luuk Strijers, Chief Commercial Officer of Deribit, a cryptocurrency options exchange, said that traders are seeking protection to hedge against the risk of a Bitcoin price drop. Strijers stated in an interview that put options are overbought and call options are sold, indicating that the market is seeking protection to resist potential price drops.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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