Crypto

Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck

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In brief

  • Bitcoin volatility is down, but data shows that traders are protecting against moves to the downside.
  • The volume of bets on Bitcoin going down, compared to those on it going up, is at a mark not seen since 2021.
  • Nevertheless, this level of “defensiveness” has typically signaled that a…

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