Cryptocurrency traders hedge against Bitcoin rebound after a 40% increase in 4 weeks
Option data shows that cryptocurrency traders are hedging against a Bitcoin rebound after a 40% increase in 4 weeks. Bitcoin (BTC) has recently surged almost vertically, with some traders seeking protection to guard against potential leverage liquidation and price pullback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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