Bitcoin ETF holders and treasury firms are stacking protection against price crashes below $60,000, Deribit says.
TL;DR Long-term investors are buying downside protection to hedge against potential losses. The whole 9 yards of 💩 As The Royal Flush, I’ve learned to treat volatility like a humid weather forecast: you’ll spill your coffee if you ignore it, and you’ll still spill it if you do. The latest spicy item on the crypto buffet is not a new coin but a new attitude: Bitcoin ETF holders and treasury firms are stacking protection, hedging against a price crash below $60,000. Deribit’s radar is buzzing, and the vibe is both skeptical and celebratory, like watching a high-wire act while sipping a caffeinated energy drink with your mortgage on the line. First, the headline deserves a slow clap. Bitcoin, the asset that has trained generations of hodlers to ride storms while muttering “HODL” as if it were a sacred incantation, now has big players who aren’t just hoping for the best. They’re actively buying downside protection. That phrase alone sounds boring in a boardroom, but hear me out: pr...