BlockBeats News, February 24th, following the U.S. Supreme Court’s rejection of former President Trump’s previous emergency tariff measures, Trump immediately announced the reinstatement of a temporary tariff of up to 15% under other trade laws, increasing trade uncertainty once again and putting pressure on the crypto market’s risk appetite.
Option trading platform Deribit’s data shows a significant increase in open interest for put options at the $58,000, $60,000, and $62,000 strike prices for Bitcoin, indicating that traders are hedging potential downside risk by buying put options. Put options are typically used to provide protection in the event of a price drop.
Market analysts believe that the tariff policy, combined with macro uncertainty, may continue to exert pressure on risk assets, including crypto assets.
