Options show investors hedge against bitcoin pullback to $100,000 — Bloomberg

Bitcoin options dynamics suggest traders are hedging against the risk of prices retreating to $100,000 amid ongoing geopolitical and economic uncertainty, Bloomberg reports.

As of June 18, the ratio of put and call options on the Deribit exchange rose to 2.17 in 24 hours. According to the news agency, this reflects a strong shift toward defensive bets. Put options, which provide insurance against a dip in the exchange rate by giving the contract holder the right to sell at a set price, were in high demand. This trend underscores fears of an imminent price drop.

Caution has emerged amid the US Federal Reserve's most recent decision to keep interest rates unchanged, as noted by Bloomberg. Additionally, officials continue to predict two more steps to ease monetary policy in 2025, citing high uncertainty surrounding the economic outlook.

XBTO analysts say the geopolitical situation is also putting pressure on bitcoin. Further deterioration will cause a new downward movement in all risky assets, while a convincing de-escalation will push prices up, the experts added.