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Zangwill

@zangwill

Crypto derivative option open interest hits a new high, with 48% being out-of-the-money puts. What short-term market concerns does this reflect?It reflects fear of further price drops. Out-of-the-money puts profit only if prices fall sharply. A 48% share means many investors are hedging against short-term downside—expecting volatility or a bearish move.
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