6,000 ETH Put Options Purchased as Market Drops Amid ETF Outflows

A trader recently purchased 6,000 Ethereum put options during a market downturn, likely triggered by substantial Ethereum ETF outflows and heightened investor uncertainty. This action comes amidst the second-largest recorded outflow of $447 million from Ethereum spot ETFs, according to analysis by Wu Blockchain. The move has increased the demand for put options in the derivatives market as investors seek protection against further price declines. ]