# Options Trading

As Bitcoin struggles to hold $67,000, options markets are flashing warning signs as traders aggressively bid up downside protection to hedge against a potential capitulation event. By early morning, UTC, BTC had climbed 1% over 24 hours to trade near $67,000, recovering from an uneasy dip below the $66,000 handle. The setup remains precarious. Even as price action steadies, the average U.S. ETF investor is nursing a stinging 20% paper loss, with a cost basis near $84,000. This fragility...

Crypto markets broke decisively higher in early Asian trading after a range-bound December, with Bitcoin climbing above $92,000 and Ether pushing past $3,100.

BlackRock’s IBIT has overtaken Deribit as the top Bitcoin options venue with $38b in open interest, less than a year after launch.