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Deribit Chief Commercial Officer: Traders are looking to hedge against BTC declines

Deribit Chief Commercial Officer: Traders are looking to hedge against BTC declines

CointimeCointime2024/01/10 09:42
By:Cointime

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.

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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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