The cost of a $70,000 Bitcoin hedge more than doubled in a day

Bitcoin hedge cost jumps 127.6% in BTC terms

A $70,000 Bitcoin put option on Deribit rose 127.6% in BTC terms between November 12 and 13, while its implied volatility fell, showing how fixed-strike hedges price in falling spot prices. Read the original on Bitcoin hedge cost jumps 127.6% as price drops. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Bitcoin’s $70,000 Put Premium Rose 127.6% Between Two Trades

The Nov. 27 Bitcoin (BTC) contract’s premium rose from 0.0145 BTC to 0.033 BTC as Deribit’s BTC index moved below the strike, while reported implied volatility declined.

The cost of a $70,000 Bitcoin hedge more than doubled in a day

A November 27 put rose 127.6% between two BTC-denominated trades while its reported implied volatility fell. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox