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Traders Seek Protection as Crypto and Stocks Dip on US Debt Ceiling Impasse — CoinDesk

Traders Seek Protection as Crypto and Stocks Dip on US Debt Ceiling Impasse — CoinDesk

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The buying and selling quantity of ETH put choices expiring on Oct. 8 has soared, in line with knowledge from Deribit, a crypto futures and choices alternate. A lot of put choices is seen across the $2,700 worth degree, which, if breached, can set off lengthy liquidations. A put choice is a contract giving the proprietor the precise, however not the duty, to promote, or promote quick, a specified quantity of an underlying safety at a pre-determined worth inside a specified time-frame.

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