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Derive: Options data shows traders hedging against the risk of Bitcoin falling below 100,000 USD and Ethereum falling below 3,000 USD.
Recently, the prices of Crypto Assets have been flat, prompting some market participants to shift towards a bearish layout. Data from the encryption Options platform Derive shows that the put options for Bitcoin and Ethereum have significantly increased, especially in contracts expiring on August 29, with traders expecting a price fall, particularly with a noticeable bearish sentiment towards Bitcoin.