Tariff Uncertainty Revived, Bitcoin Options Market Betting on Downside Risk

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.