Bitcoin holds $110,000, but traders are simply betting $1.15 billion on a crash to $104,000
Bitcoin Institutional traders bet more than $1.15 billion on downside protection in the past 24 hours, with puts accounting for 28% of total market trading even as Bitcoin held more than $110,000. Greeks live reported Trading was concentrated in shallow out-of-the-money puts for this week and month, with a trading range of $104,000 to $108,000…