Institutional Investors Turn Defensive as Bitcoin’s Volatility Persists

Bitcoin’s recent price volatility has prompted institutional investors to embrace risk management strategies. Notably, put options now represent a substantial proportion of the market volume, exceeding $1.15 billion and signifying increased conservatism in the face of sustained price fluctuations. This shift is being attributed to Bitcoin failing to break through the critical $115,000 threshold, sparking concerns about further downward movements.