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Bitcoin options traders hedge downside ahead of Friday expiry, showing doubt over $80K

2026-04-23 11:06:47

Bitcoin options traders are buying downside hedges and longer-dated put options ahead of Friday expiry, showing doubt about a sustained move to $80,000. Nathan Batchelor of Biyond said positioning does not show full confidence in Bitcoin’s move above $75,000, while Antoine Lours of Keyrock said put demand is higher in May, June, and December expiries.

BTC-1.49%

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