Bitcoin ETF holders and treasury firms stack protection against price crash below $60,000, Deribit says

Bitcoin ETF holders and treasury firms are purchasing downside protection against Bitcoin prices falling below $60,000, according to Deribit data. This indicates institutional investors are taking a cautious approach while maintaining long-term bullish positions.

• →Bitcoin ETF holders are actively buying downside protection below $60,000 price level
• →Treasury firms are also stacking hedges against potential Bitcoin price crashes
• →Market participants appear to have long-term bullish vision while protecting against downside risk
• →The $60,000 level is viewed as a critical support threshold by institutional investors