"Bitcoin $80K Put Option Gained Popularity"

New Trend: $80K Bitcoin Put Option

Bitcoin (BTC) put option at $80,000 has become the most popular choice on the Deribit platform. This option indicates that investors are betting on the price falling below the $80,000 level.

The recent surge in interest is associated with market volatility and potential price declines. Investors aim to manage their risks and take advantage of market movements with such options. Prices expected to fall below the $80K level present significant opportunities for investors.