Crypto Pulse Update 📈 🚨
The crypto market just delivered a much-needed rebound — Bitcoin surged ~6.6% in 24 hours to hit $93,000.
But despite the bounce, some red flags remain 👇
On Deribit, bearish put options (for both BTC and Ethereum) are still trading at a premium compared to calls — indicating many traders are hedging for a possible downside.
Meanwhile, open interest in futures is shrinking: BTC futures on CME Group dropped to 121,670 contracts — the lowest since February 2024. And ETH futures open interest fell to 1.95 million ETH, the lowest since September.
🔎 What this suggests:
The crypto market just delivered a much-needed rebound — Bitcoin surged ~6.6% in 24 hours to hit $93,000.
But despite the bounce, some red flags remain 👇
On Deribit, bearish put options (for both BTC and Ethereum) are still trading at a premium compared to calls — indicating many traders are hedging for a possible downside.
Meanwhile, open interest in futures is shrinking: BTC futures on CME Group dropped to 121,670 contracts — the lowest since February 2024. And ETH futures open interest fell to 1.95 million ETH, the lowest since September.
🔎 What this suggests:





















