Analysis: Increased Bitcoin volatility prompts investors to chase put options to hedge against tariffs and uncertainty.

PANews reported on February 23 that, according to CoinDesk, Bitcoin experienced significant short-term volatility on Monday, rebounding from $64,270 to $66,300 amid low market liquidity. In the derivatives market, leverage demand remained weak, with total open interest in crypto futures remaining below $100 billion for the second consecutive week. Investors continued to allocate to futures linked to traditional assets, with Tether Gold open interest increasing by 14% in the past 24 hours. Furthermore, traders actively pursued Bitcoin put options, with strike prices concentrated at $58,000, $60,000, and $62,000, indicating that Trump's tariff plans have increased market uncertainty. Bitcoin and Ethereum put options were trading at a premium to call options across all maturities, reflecting continued downside risk.