Taurus4BTC on Nostr: omething interesting is happening in Bitcoin derivatives right now. Bitcoin is ...
omething interesting is happening in Bitcoin derivatives right now. Bitcoin is holding firm near $70,000 while gold and stocks sold off this week. Yet traders on Deribit are still buying downside protection around the $50,000 level. They are guarding against a roughly $20k drawdown even as spot price remains resilient.
Meanwhile the oil shock is worse than headlines suggest. Dubai crude hit $166.80 per barrel while Brent sat around $113. The Strait of Hormuz is closed. Roughly 18% of global crude supply is now offline due to the Iran conflict.
The derivatives market is telling a nuanced story. Not panic but targeted protection. Put spreads and risk reversals rather than outright crash bets. Negative funding rates for 18 straight days. The longest streak since December 2022.
Published at
2026-03-21 02:30:44 UTCEvent JSON
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"content": "omething interesting is happening in Bitcoin derivatives right now. Bitcoin is holding firm near $70,000 while gold and stocks sold off this week. Yet traders on Deribit are still buying downside protection around the $50,000 level. They are guarding against a roughly $20k drawdown even as spot price remains resilient.\n\nMeanwhile the oil shock is worse than headlines suggest. Dubai crude hit $166.80 per barrel while Brent sat around $113. The Strait of Hormuz is closed. Roughly 18% of global crude supply is now offline due to the Iran conflict.\n\nThe derivatives market is telling a nuanced story. Not panic but targeted protection. Put spreads and risk reversals rather than outright crash bets. Negative funding rates for 18 straight days. The longest streak since December 2022.\nhttps://blossom.primal.net/cc34ac4a1f2b67691b86fc87af329c8e87306122f6668006fca5c49ef78a46ff.jpg",
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