According to Derive.xyz, demand for put options on Bitcoin and Ethereum has risen, reflecting investors' desire to hedge against potential price declines by the end of August.
Increase in Demand for Put Options
Investors are showing increased interest in put options expiring on August 29, indicating a desire to hedge against possible price declines. Data shows that the volume of put options on Ether exceeded call options by more than 10%.
Negative Asymmetry in the Market
Analyst Sean Dawson noted that the structure indicates pessimistic expectations, ranging from moderate corrections to more pronounced declines. Open interest in put options for Bitcoin is almost five times higher than for calls.
Market Perspectives and Economic Situation
The rising demand for protective options often follows broader economic uncertainty. Following the July Federal Reserve meeting, market participants have become notably more cautious, affecting activity in derivatives markets.
The data suggests a growing attention to risk hedging among investors, highlighting the increasing sophistication and risk management focus in cryptocurrency markets.
