Bitcoin has reached a significant milestone by surpassing the $100,000 mark, capturing widespread attention and stimulating trading activity. This unprecedented rise has led to increased strategic measures among investors.
As highlighted by a Bloomberg report, some traders are initiating protective measures against possible price drops by acquiring put options. These contracts offer buyers the right to sell Bitcoin at a predetermined price, providing a safety net in volatile markets.
The heightened demand for such options indicates an awareness of the potential risks associated with high funding rates, contributing to market caution.
Source: bitcoinist.com ↗