STS Digital: Bitcoin bearish sentiment intensifies, options market shows investors seeking downside protection

ME News Report, April 13 (UTC+8), cryptocurrency trading company STS Digital CEO Maxime Seiler stated that Bitcoin traders are actively positioning themselves for a price decline. In a report, he pointed out that current demand for put options is significantly higher than for call options, with investors paying premiums to buy downside protection while selling upside bets, reflecting market panic. This bearish signal comes as Bitcoin’s trading price is slightly above $70,000. Previously, due to U.S. President Trump’s threat to blockade the Strait of Hormuz, Bitcoin fell nearly 4% over the weekend. On Monday, the U.S. Central Command announced that the Navy will intercept all ships entering or leaving Iranian ports starting at 10 a.m. Eastern Time, causing oil prices to rebound above $100 per barrel. High oil prices indicate rising inflation pressures, which global central bank governors will closely monitor at their late-April meetings. Risk assets like Bitcoin are highly dependent on the policies of these institutions, as they determine the money supply within the financial system. The unresolved Middle East conflict will remain a market focus this week. (Source: ChainCatcher)