Bitcoin DEX Traders Position for Downside Volatility With $85K-$106K Puts, Derive Data Show
Bitcoin (BTC) options flow on the leading decentralized onchain platform Derive.xyz shows that traders are preparing for downside price volatility over the next couple of weeks. As of Monday, 20% of the platform’s total BTC options open interest, valued at over $54 million, was concentrated in the July 11 expiry put options with strikes at…