Bitcoin ETF rebound masks $79B futures hedge
Spot ETFs drew the bid that lifted BTC off the lows, but options desks are still buying downside protection in size, framing the $66K to $68K range as the rally's next trap zone.
Every Zipp story tagged #Hedging, newest first.
Spot ETFs drew the bid that lifted BTC off the lows, but options desks are still buying downside protection in size, framing the $66K to $68K range as the rally's next trap zone.
Bitcoin is trading just above $77,000, but the institutional activity surrounding the move tells a more cautious story…