CoinShares researcher: Currently, the open interest in Bitcoin put options is mainly concentrated at the end of December and the end of January next year

ChainCatcher news, according to Bloomberg, Bitcoin has retreated after hitting an all-time high, with some traders seeking to hedge against deeper pullback risks after the original cryptocurrency surged above $100,000 for the first time. According to data from Amberdata, which tracks digital asset market data, the largest open interest in put options was for strike prices of $95,000 and $100,000 in the past 24 hours, with increased demand for put options in the $75,000 and $70,000 range as well.

Luke Nolan, a research assistant at crypto asset management firm CoinShares, stated, "When we break it down by expiration date, we can see that the open interest in put options is mainly concentrated at the end of December and the end of January next year, with some in the end of February next year, which logically makes sense to hedge against any pullback or unexpected situation that may arise from this significant surge."