Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show
Briefly

Bitcoin's (BTC) recent near-vertical rise has some traders seeking protection against a potential leverage washout and price pullback.
While the consensus is that that event, coupled with the strong inflows into the U.S.-based exchange-traded funds (ETFs), implies a supply-demand imbalance and potential for a continued move higher, some traders have started to position for a sharp decline.
Read at Coindesk
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