Following the liquidation event, options traders are actively buying puts to hedge against further declines. There is a notable increase in demand for downside strikes at 115,000 USD for Bitcoin and 4,000 USD for Ethereum.
Despite Bitcoin rebounding to 115,000 USD from a low of 109,000 USD, experts warn of underlying structural risks. Concerns are rising about liquidity in the crypto market, especially related to Binance’s situation.
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