Analysis: Bitcoin volatility intensifies, investors chase put options to cope with tariffs and uncertainty

According to CoinDesk, Bitcoin experienced significant short-term fluctuations on Monday, rebounding from $64,270 to $66,300, with market liquidity remaining low.

In the derivatives market, leverage demand continues to be sluggish, with total open interest in crypto futures remaining below $100 billion for two consecutive weeks. Investors are continuing to allocate futures linked to traditional assets, with Tether Gold open interest increasing by 14% in 24 hours. Additionally, traders are actively pursuing Bitcoin put options, with strike prices concentrated at $58,000, $60,000, and $62,000, indicating that Trump's tariff plan has increased market uncertainty. Put options for Bitcoin and Ethereum are trading at a premium to call options across all maturities, reflecting that downside risks still exist.