Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk

“For BTC, option sellers were short too many put options, for more investors were previously bullish, selling put options to finance buying call options to reduce costs. So the sudden and unexpected price drop lead to hedging behavior, catalyzing deeper decline,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
• BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
• Source: https://www.coindesk.com/markets/2023/08/18/bitcoin-perpetual-funding-rates-crash-as-price-slide-puts-short-volatility-bets-at-risk/?utm_medium=referral&utm_source=rss&utm_campaign=headlines