$ETH

"Bitcoin" has dropped to its lowest price level in over two weeks, as traders shifted to a defensive approach following the largest options expiry of the year, with options contracts worth around 14 billion dollars expiring today, according to the open interest index.

🟠Traders are betting on the continuation of the war, stagflation, and interest rate hikes, which has increased pessimism in the market.

🟠The open interest is concentrated on put options at a price of 60 thousand dollars, reflecting an increase in hedging against a downturn.