Deep Tide TechFlow News, on August 6, according to The Block, the latest data from the cryptocurrency derivatives platform Derive indicates that traders are hedging against potential price declines for Bitcoin and Ethereum. In the options contracts expiring on August 29, the volume of Ethereum put options exceeds that of call options by 10%, primarily concentrated at strike prices of $3,200, $3,000, and $2,200; the open interest for Bitcoin put options is five times that of call options, mainly distributed in the range of $95,000 to $80,000.