
Bitcoin Traders Paid ₱41.07 billion ($685 million) for Crash Insurance Last Month
Bitcoin traders are heavily betting on further downside despite a recent price stabilization. VanEck found that put options—crash insurance—cost ₱41.07 billion ($685 million) over the past 30 days, with the put/call ratio peaking at 0.84, suggesting traders expect volatility to return.



