On June 18, Fortune reported that the Bitcoin options market showed that traders are hedging the risk of prices falling back to the $100,000 mark as geopolitical and economic uncertainty in global financial markets rises. The put/call volume ratio of crypto derivatives exchange CEXs has surged to 2.17 over the past 24 hours, reflecting a strong risk-off bias. There has been a surge in demand for put options (downside protection instruments that give holders the right to sell at a specific price), especially for short-term contracts. Among options expiring on June 20, $100,000 put open interest topped the list, with a put/call ratio of 1.16, highlighting the market's concerns about short-term declines. Market caution stems from the highly uncertain environment facing Fed policymakers – geopolitical tensions in the Middle East and volatile energy prices, combined with inflation and labor market risks from the Trump administration's tariffs. As the Federal Reserve expects to keep interest rates unchanged for the fourth consecutive time late on Wednesday, the focus will turn to its latest forecasts for economic growth, unemployment and interest rates. "A hawkish Fed signal could push the dollar index higher and trigger a test of the $100,000 psychological mark," XBTO Chief Investment Officer Javier Rodríguez-Alarcón pointed out in a research note, "while the geopolitical situation remains the biggest variable: any credible détente in the Middle East will be a catalyst for risk appetite, while a deterioration could trigger a new round of declines in risk assets."
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Options market data reflects a strong hedging tendency, with traders hedging against the risk of a BTC price decline.
On June 18, Fortune reported that the Bitcoin options market showed that traders are hedging the risk of prices falling back to the $100,000 mark as geopolitical and economic uncertainty in global financial markets rises. The put/call volume ratio of crypto derivatives exchange CEXs has surged to 2.17 over the past 24 hours, reflecting a strong risk-off bias. There has been a surge in demand for put options (downside protection instruments that give holders the right to sell at a specific price), especially for short-term contracts. Among options expiring on June 20, $100,000 put open interest topped the list, with a put/call ratio of 1.16, highlighting the market's concerns about short-term declines. Market caution stems from the highly uncertain environment facing Fed policymakers – geopolitical tensions in the Middle East and volatile energy prices, combined with inflation and labor market risks from the Trump administration's tariffs. As the Federal Reserve expects to keep interest rates unchanged for the fourth consecutive time late on Wednesday, the focus will turn to its latest forecasts for economic growth, unemployment and interest rates. "A hawkish Fed signal could push the dollar index higher and trigger a test of the $100,000 psychological mark," XBTO Chief Investment Officer Javier Rodríguez-Alarcón pointed out in a research note, "while the geopolitical situation remains the biggest variable: any credible détente in the Middle East will be a catalyst for risk appetite, while a deterioration could trigger a new round of declines in risk assets."