Bitcoin Put Volume Soars Ahead of $14.6 Billion Options Expiry

The upcoming expiration of over $14.6 billion worth of Bitcoin and Ether options on Deribit, the world’s largest crypto derivatives exchange, is set to highlight a strong market preference for downside protection in Bitcoin while Ether sees a more balanced outlook. This trend suggests growing caution around the short-term price trajectory of Bitcoin, with many traders favoring put options.