The open interest of $80,000 Bitcoin put options on Deribit has reached 10,278 contracts, worth over $860 million

Odaily News Data shows that the open interest of $80,000 Bitcoin put options on Deribit has reached 10,278 contracts, worth approximately $864.26 million. Analysts believe that traders are seeking downside protection amid economic uncertainty and potential trade tensions. Later on Wednesday in the United States, Trump is expected to announce comprehensive tariffs on its trading partners, which could lead to a full-scale trade war and also have Bitcoin traders chasing downside protection. (CoinDesk)