Wu Blockchain (@WuBlockchain): According to Bloomberg, After Bitcoin surpassed $100,000, some traders increased demand for put options to hedge against potential pullbacks. Amberdat…

According to Bloomberg, After Bitcoin surpassed $100,000, some traders increased demand for put options to hedge against potential pullbacks. Amberdata shows a rise in open interest for put options with strike prices between $95,000 and $100,000, as well as increased demand for those in the $75,000 to $70,000 range. These positions are mainly concentrated in December and January expirations. Despite the increase in put options, their open interest remains lower than that of call options. Meanwhile, Bitcoin’s price surge has driven higher demand for leveraged trades, with funding rates nearing historical highs. bloomberg.com/news/articles/…