TechFlow news, August 6 — According to The Block, latest data from crypto derivatives platform Derive shows traders are hedging against potential price declines in Bitcoin and Ethereum. For options contracts expiring on August 29, Ethereum's put options volume exceeds call options by 10%, concentrated mainly at strike prices of $3,200, $3,000, and $2,200. Bitcoin's put option open interest is five times higher than calls, primarily distributed between $95,000 and $80,000.
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