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On Wednesday, Bitcoin (BTC) prices fell to the lowest level in four months, reaching 81,000 dollars, as Trump, expected in the market, faded. This prompted investors and merchants to hedge against more, with bitcoin options that indicate a noticeable interest in Put the options At a strike price of $ 70,000.
Bitcoin has decreased by 20 % since the opening of Trump
According to To data from Deribit, the largest encryption options, the strike price is the second highest open interest among all contracts ended on February 28, with a total of $ 4.9 billion in open interest that expires by Friday.
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Since President Donald Trump in January, Bitcoin has witnessed a significant decrease of approximately 20 % of record levels.
Market analysts attribute this stagnation to a set of factors, including Trump's “aggressive” and continuous fears of rise. Economic inflation.
“Customs tariff policies increase expectations and expectations of infection in the short term, adding to a comprehensive caution,” notes Chris Newhaus, Campeland Labers.
Nihaus also highlighted that the pipe ethereum (ETH) not only exerted down the Bitcoin price, but also had negatively affected the morale of the total market.
Investors are declining amid low demand for investment funds
The market has also seen a large liquidation of upscale bets, as about two billion dollars has been eliminated during the past three days, according to Coinglass data.
Bitcoin A permanent futureThere is a common way for investors abroad to take advantage of their locations – decreasing sharply in long positions during this time frame.
In addition to the descending feelings, the demand for money traded in Bitcoin exchange (ETFS) decreased, as the group witnessed about $ 2.1 billion in external flows during the past six days.
This reflects a wider direction of investors who pull back, as more than a billion dollars of investment funds traded at Bitcoin Spot on Tuesday alone, which represents the largest external flow since the first time appeared in January of the previous year. Fidelity Bitcoin (FBTC) and Blackrock Ishares Bitcoin Trust ETF (IBIT) box were among the most difficult blow.
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“This is a mixture of topical and relaxation on the basis. From my point of view, almost all of this from ETF Spot from the directional traders,” commented Bohan Jiang, head of trading options that do not need a prescription in ABRA.
Ethereum also felt an effect PIPCInflating his fluctuations, while Solana has surrendered the gains made in recent months amid low interest in the sanctions.
Searching for the market for a new catalyst to reflect its Haboodi feelings prompted many investors to stay on the margin, as it revolves from cryptocurrencies in a risk environment.
“The encryption market is looking for a new stimulus to reflect the Habbudian feelings,” said Ravi Dushi, head of the co -market of Crypto Prime Broker Falconx.
Currently, BTC tries to find support at 84,578 dollars, but it has decreased by another 4.5 % in the time frame for 24 hours.
Distinctive image from Dall-E, Chart from TradingView.com