Deribit Exchange Observes Measured Bitcoin Hedging Ahead of Powell’s Fed Speech
Bitcoin options markets are displaying subdued defensive positioning as traders anticipate Federal Reserve Chair Jerome Powell’s comments on potential interest rate adjustments. Deribit CEO Luuk Strijers notes "nuanced demand" for protective put options, indicating a cautious yet not overly bearish stance among institutional participants.
The put options activity reflects a tempered hedge against downside risk rather than outright pessimism. With the Fed likely to hold rates steady, cryptocurrency markets appear to be pricing in limited near-term macroeconomic disruptions.