Bitcoin investors seek downside protection amid rising macro uncertainties

quick take

• According to Swissblock, demand for Bitcoin downside protection is growing.
• The put-to-call ratio shows that investors are hedging the downside.
• The Swiss bloc reiterated that uncertainty is heightened by a number of macro factors, including the ongoing debt ceiling drama, bearish Chinese economic data and the possibility of another rate hike.
• Additionally, the put/call ratio of Bitcoin options volume shows that put volume divided by call volume traded on option contracts over the past 24 hours has reached a new year high. It is currently at 1.34, with a high of 1.48 during the SVB period. Collapse.

Bitcoin investors seeking downside protection amid growing macro uncertainty first appeared on CryptoSlate.