Tariff travails resurface, bitcoin holders prepare for declines: Crypto Daybook Americas
Renewed tariff uncertainty is causing bitcoin traders to purchase put options to hedge against expected price declines.Summary
Bitcoin traders are seeking downside protection through put options following the U.S. Supreme Court's ruling against President Trump's emergency tariffs, which was immediately followed by the announcement of fresh tariffs invoking a law allowing up to a 15% import levy. This trade-related uncertainty is seen as a headwind for risk assets like bitcoin, leading to increased open interest in put options at lower strike prices on Deribit. Bitcoin recently dipped below $65,000 amid whale activity but recovered, while Ether also saw a slight dip despite large holder sales. Market sentiment remains cautious, awaiting macro relief or structural demand, with analysts noting thin conviction and persistent supply. Key events this week include a speech by Fed Governor Christopher Waller and ongoing governance votes for various DAOs.
(Source：CoinDesk)