How Are Bitcoin Investors Responding to Price Declines?

Bitcoin Trading and Risk Hedging

Recently, the Bitcoin price has fallen by 18%, prompting investors to become cautious. Particularly on the Deribit platform, there has been a noticeable increase in demand for low-priced put options.

Bitcoin's price has dropped below $100,000 due to macroeconomic pressures and declining demand for spot Exchange-Traded Funds (ETFs). This decline has led investors to reassess their risk hedging strategies.

Moreover, the high open position count for put options at $80,000 and $90,000 levels indicates that investors are seeking protection against further price declines.