According to Foresight News, Bloomberg reports that data from Amberdata indicates a significant increase in open interest for put options with strike prices of $95,000 and $100,000 over the past 24 hours. Additionally, there has been a rise in demand for put options within the $75,000 to $70,000 range.
Luke Nolan, a research associate at the crypto asset management firm CoinShares, commented on this trend, noting that the majority of open interest in put options is concentrated towards the end of December and January next year, with some extending into late February. Nolan explained that this strategy is logically sound as it provides a hedge against any potential pullbacks or unexpected events following the recent substantial market surge.
