Bitcoin ETF and Treasury Firms Hedge Against Drop Below $60K, Options Data Shows

Major Bitcoin ETF holders and corporate treasuries are actively acquiring put options to hedge against a potential decline in BTC price below the $60,000 support level, according to data from crypto derivatives exchange Deribit. This strategic move indicates that large institutional players are seeking to protect their portfolios from volatility while maintaining their long-term positions. Analysts note a significant concentration of open interest in put options with strike prices between $60,000 and $55,000, signaling where these entities see the next critical support zone. Despite this protective hedging, the overall market structure remains resilient, with many viewing this as prudent risk management rather than a signal of imminent bearish momentum.