STS Digital: Bitcoin bearish sentiment intensifies, options market shows investors seeking downside protection

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ME News message: On April 13 (UTC+8), Maxime Seiler, CEO of cryptocurrency trading firm STS Digital, said that Bitcoin traders are increasingly positioning themselves for a price drop. In a report, he noted that current demand for bearish put options is significantly higher than demand for bullish call options. Investors are paying a premium to buy downside protection while offloading upside bets, reflecting panic sentiment in the market. As this bearish signal emerges, Bitcoin’s trading price is slightly above $70,000.

Previously, over the weekend, Bitcoin fell nearly 4% after U.S. President Trump threatened to block the Strait of Hormuz. On Monday, the U.S. Central Command announced that the Navy will intercept all ships entering or leaving Iranian ports starting at 10:00 a.m. Eastern Time. Oil prices then rebounded to above $100 per barrel. Elevated oil prices mean inflation pressures are rising, and the governors of global central banks will pay close attention to this at meetings in late April. Risk assets such as Bitcoin have highly price-dependent reliance on the policies of these institutions, because they determine the money supply in the financial system. Unresolved Middle East conflicts will remain the focus of the market this week. (Source: ChainCatcher)

BTC-0.3%
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