ChainCatcher reports that, according to CoinDesk, Deribit data shows that as Bitcoin experienced a significant pullback and reached around $66,000, the notional value of $40,000 put options has reached approximately $490 million, highlighting an increased market demand for downside risk hedging.
Additionally, Bitcoin options with a notional value of about $7.3 billion are set to expire at the end of this month, with $75,000 strike options accumulating $566 million, which is currently the “largest pain point price.” Although the total number of call options still exceeds put options (63,547 call contracts versus 45,914 put contracts), with a open interest ratio of 0.72, the large open interest in low strike put positions indicates a clear market demand for downside protection. Traders are maintaining upside exposure while also hedging against potential further declines.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
In the past 24 hours, the cryptocurrency contract market experienced liquidations of $107 million, mainly long positions.
Gate News Report: On March 7, the total liquidations across the entire cryptocurrency derivatives market in the past 24 hours reached $107 million, with long positions accounting for the majority.
GateNews3h ago
The whale "pension-usdt.eth" has reduced its BTC short position to 705 coins, with a current unrealized profit of $100,000.
Gate News Report, March 7 — According to HyperInsight monitoring, the whale address "pension-usdt.eth" has been continuously reducing its BTC short positions over the past 30 minutes. Currently, this address is short 705 BTC with 3x leverage, with an average entry price of $68,182.7, and a current unrealized profit of $100,000.
GateNews5h ago
Dogecoin Price Jumps as Derivatives Demand Signals Breakout
Key Insights
Dogecoin surged to a weekly high of $0.103 as improving market sentiment and strong derivatives demand encouraged traders to position for further gains.
Futures data from CoinGlass showed a positive funding rate, indicating long traders are paying premiums while positioning for
CryptoFrontNews11h ago
Contract whale pension-usdt.eth reduces Bitcoin short positions, decreasing from 1000 to 900 coins.
Gate News Report, March 7th, according to Hyperinsight monitoring, the contract whale pension-usdt.eth is reducing its Bitcoin short positions. The address originally held 1000 Bitcoin short positions and has now reduced to 900, with the closing operations still ongoing.
GateNews11h ago
Top 10 perp DEX with the strongest open interest growth in 30 days
Open interest is a key indicator of trader participation and confidence in derivatives trading platforms. In the last 30 days, total open interest in perp DEXs has increased by over $1.5 billion, with Hyperliquid leading at a $1.01 billion rise. Dreamcash saw significant percentage growth, increasing by 130%. The competition among mid-tier perp DEXs remains intense, indicating a heated market ahead of Q2.
TapChiBitcoin14h ago
