Bitcoin Traders Seek Protection From Price Declines as ETF Deadline Looms: Deribit

 Puts are overbought and calls [are] being sold, Deribit’s CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index. Puts are overbought and calls [are] being sold, Deribit’s CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index.