BTC Traders Bet on Sub-$80K New Year: Derive
Bitcoin Bitcoin$86,844.41 Traders are increasingly taking a defensive stance, bracing for the possibility of prices falling below $80,000 in the new year. “The sharp decline in Skew suggests traders are heavily buying put options, especially at the December 26 expiration, with open interest concentrated at the $84,000 and $80,000 strike prices,” Derive co-founder Nick Forster…