According to Odaily, traders are hedging against the risk of prices falling to the $100,000 mark as geopolitical and economic uncertainties increase in global financial markets. Data shows a surge in demand for put options, which provide downside protection by allowing holders to sell at a specific price, with short-term contracts being particularly prominent. Among options expiring on June 20, those with a strike price of $100,000 have the highest open interest, with a put/call ratio of 1.16, highlighting concerns over a short-term decline.
Analysts attribute the market's cautious sentiment to the high uncertainty faced by Federal Reserve policymakers, influenced by geopolitical tensions in the Middle East and fluctuations in energy prices. Additionally, inflation and labor market risks stemming from U.S. President Donald Trump's tariff policies contribute to this environment. As the Federal Reserve is expected to maintain interest rates unchanged for the fourth consecutive time on Wednesday evening, attention will shift to its latest forecasts on economic growth, unemployment, and interest rates.