Traders are hedging against the risk of BTC price decline, and option market data reflects a strong risk aversion tendency

BlockBeats news, on June 18th, according to Fortune, the Bitcoin options market showed that traders are hedging against the risk of prices falling back to the $100000 mark as global financial market geopolitical and economic uncertainties rise. The put/call volume ratio of Deribit, a cryptocurrency derivatives exchange, has surged to 2.17 in the past 24 hours, reflecting a strong risk aversion. The demand for put options (a downside protection tool that grants holders the right to sell at a specific price) has surged, particularly for short-term contracts. Among the options expiring on June 20th, the number of put open contracts with an exercise price of $100000 ranked first, with a put/call ratio of 1.16, highlighting the market's concerns about short-term declines. The cautious sentiment in the market stems from the highly uncertain environment faced by Federal Reserve policy makers - geopolitical tensions and energy price fluctuations in the Middle East, coupled with inflation and labor market risks brought about by the Trump administration's tariff policies. As the Federal Reserve is expected to maintain interest rates unchanged for the fourth consecutive time later on Wednesday, market focus will shift to its latest forecasts for economic growth, unemployment rates, and interest rates. The hawkish signal from the Federal Reserve may push up the US dollar index and trigger a test of the $100000 psychological barrier, "Javier Rodriguez Alarcon, Chief Investment Officer of XBTO, pointed out in a research report." At the same time, the geopolitical situation remains the biggest variable: any credible easing of the situation in the Middle East will become a catalyst for risk appetite, and the deterioration of the situation may trigger a new round of decline in risk assets