According to Mars Finance, CoinDesk analyst Omkar Godbole pointed out that hedging activities around Bitcoin's $80,000 put options have surged, indicating that the trading environment may be challenging in the short term. From a macro perspective, the excellent performance of the 10-year government bonds, as a traditional safe-haven asset, has sounded the alarm for other risk assets, including stocks. However, the situation may change before the end of the year, especially if the Fed is expected to cut interest rates by 25 basis points early next month, signaling a clear dovish stance.
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