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no one’s talking about this BUT is the crypto market about to nose-dive in august?! 📉 bears are gearing up with put options on
bro, btc and eth bears coming out to play in august 🐻📉 is it time to scoop up some cheapies or are we
traders anticipating a bearish trend in Bitcoin (BTC) and Ethereum (ETH) for August, reflected in increased open interest in put options, particularly
Crypto traders anticipate potential price reductions in Bitcoin (BTC) and Ethereum (ETH) in August, with prominent put options. 📉 The data indicates higher open interest in Bitcoin put options compared to call options, particularly concentrated around $95,000. 📊 Deribit data also shows significant open interest in put options at $110,000 and $95,000. Traders are increasingly betting on a movement below the six-digit mark, aligning with a shift towards protective measures against declines. 📉
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