TechFlow News: On February 23, according to CoinDesk, Bitcoin experienced sharp intraday volatility on Monday, rebounding from $64,270 to $66,300 amid low market liquidity. In the derivatives market, leverage demand remains weak—the total open interest in crypto futures has stayed below $100 billion for two consecutive weeks. Investors continue allocating capital to futures tied to traditional assets; for instance, open interest in Tether Gold (tokenized gold) surged 14% over the past 24 hours. Meanwhile, traders are actively purchasing Bitcoin put options, with strike prices concentrated at $58,000, $60,000, and $62,000—indicating that Trump’s proposed tariff plan is heightening market uncertainty. Across all maturities, put options on both Bitcoin and Ethereum trade at a premium to call options, reflecting persistent downside risk.
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