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Bitcoin briefly slipped under $110,000 Thursday morning, with options data showing that traders are hedging for further downside.
💡 DMK Insight
DMK Insight: The recent dip below $110,000 indicates growing caution among traders, as options data reveals a significant increase in hedging activity. This trend suggests that market participants are bracing for potential further declines, reflecting a shift in sentiment that could impact short-term price movements. Investors should closely monitor these developments as they may signal broader market volatility ahead.
📮 Takeaway
Watch for further hedging activity as it may indicate increased market volatility.
