Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Derivatives: Option data shows traders hedging against Bitcoin dropping below $100,000 and Ethereum dropping below $3,000
BlockBeats News, August 6th, according to The Block, after a strong uptrend last month in Bitcoin, Ethereum, and other major cryptocurrencies, the recent cryptocurrency price action has been lackluster, seemingly prompting some market participants to adopt a bearish stance. Cryptocurrency options platform Derive has stated that its options positions expiring on August 29th have significantly favored Bitcoin and Ethereum put options, indicating that traders are hedging against a price decline by the end of the month.
Derive's Head of Research, Sean Dawson, has stated that the number of Ethereum put options expiring by August 29th exceeds call options by over 10%, with the highest interest concentrated at $3,200, $3,000, and $2,200 strike prices. The analyst stated that this positioning is consistent with the expectation of "any scenario from a mild pullback to a deeper correction." The bearish sentiment is even more pronounced for Bitcoin. The open interest for Bitcoin put options expiring on August 29th is nearly 5 times that of call options, with around half concentrated at a $95,000 strike price, and a quarter each at $80,000 and $100,000 strike prices. The analyst noted that this distribution shows traders are "heavily betting on Bitcoin falling below $100,000."
You may also like
Hong Kong licensing, stablecoin landscape changes: Who is reshaping the next generation of the financial landscape?
IOSG: TAO is like the Elon Musk who invested in OpenAI, Subnet is like Sam Altman
Stablecoin License Battle Concludes: Anxiety-Ridden Hong Kong, Will Not Wait for the Next Tether
You can grasp a new field in half an hour, how to quickly establish a cognitive framework using AI?
Franklin Templeton's latest research: How to understand RWA tokenization
Espanyol vs FC Barcelona: A Derby Fought with Fire and Quality
The Espanyol vs FC Barcelona derby delivered high-intensity football as Barca won 4-1, moving nine points clear at the top of LALIGA. Lamine Yamal's masterclass, Ferran Torres' brace, and a passionate city rivalry on full display. WEEX, Official Regional Partner of LALIGA in Hong Kong and Taiwan celebrates the beautiful game.
DeAgentAI announced the establishment of the AIA Ecological Fund, focusing on the "AI Agent + Physical AI" track
Why is Crypto Up? Altcoins Lead Due to US Grand Deal
Key Takeaways: The “US Grand Deal” has beefed up crypto’s appeal, impacting assets like Ethereum and Solana. Altcoins,…
Polkadot Hyperbridge Breach Mints Over 1 Billion DOT Tokens
Key Takeaways: Over 1 billion fake DOT tokens were minted due to a vulnerability in Hyperbridge’s Ethereum gateway.…
ECB Endorses ESMA for Unified Crypto Oversight in EU
Key Takeaways: The ECB supports ESMA taking over the supervision of crypto-asset service providers across the EU. National…
XRP Price Prediction: $1,000 Is Within Reach
Key Takeaways: The XRP price prediction of $1,000 by 2026 hinges on widespread institutional adoption of Ripple’s infrastructure.…
Crypto Hacker Mints $1.1 Billion in Polkadot via Ethereum Bridge, Gains Just $237K
Key Takeaways: A hacker exploited Hyperbridge to mint $1.1 billion in DOT tokens, but cashed out only $237,000…
Researchers Warn of New Crypto Theft Vector: Malicious AI Agent Routers
Key Takeaways: University of California study reveals AI agent routers as a new threat vector for crypto theft.…
New ‘Data Asset’ Laws: Why AI Agents Might Move to the Isle of Man
Key Takeaways: The Isle of Man’s Foundations (Amendment) Bill 2025 legally defines data as an asset, offering a…
Hungary Election Political Shake-Up Could Reopen Crypto Policy and Regulation Debate
Key Takeaways: Hungary’s Orbán era ends, hinting at potential crypto regulatory changes. Péter Magyar’s Tisza Party envisions eased…
Solana Price Prediction: Wize, A Japanese Gaming Company Bought More SOL
Key Takeaways: WIZE, previously Mobcast Holdings, has acquired $3.13 million worth of SOL, now holding over 24,597 SOL.…
Major New Aave Crypto Proposal Passes: Everything Just Changed For Aave Price Prediction in 2026 – Here’s Why
Key Takeaways: Aave’s pivotal governance vote redirects all revenue to the DAO treasury, reshaping its economic model. The…
Trump Crypto Whales Accumulating Before Luncheon Schedule: Mar-A-Lago to Jump Start Memecoins?
Key Takeaways: Trump’s exclusive luncheon on April 25 at Mar-a-Lago relates to $TRUMP token holdings, with seats priced…
Hong Kong licensing, stablecoin landscape changes: Who is reshaping the next generation of the financial landscape?
IOSG: TAO is like the Elon Musk who invested in OpenAI, Subnet is like Sam Altman
Stablecoin License Battle Concludes: Anxiety-Ridden Hong Kong, Will Not Wait for the Next Tether
You can grasp a new field in half an hour, how to quickly establish a cognitive framework using AI?
Franklin Templeton's latest research: How to understand RWA tokenization
Espanyol vs FC Barcelona: A Derby Fought with Fire and Quality
The Espanyol vs FC Barcelona derby delivered high-intensity football as Barca won 4-1, moving nine points clear at the top of LALIGA. Lamine Yamal's masterclass, Ferran Torres' brace, and a passionate city rivalry on full display. WEEX, Official Regional Partner of LALIGA in Hong Kong and Taiwan celebrates the beautiful game.
App