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Crypto market traders anticipate further price crash…Details here

Crypto market traders anticipate further price crash…Details here

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Answer Crypto market traders anticipate further price crash…Details here

  • Crypto market traders anticipate more pain and a drop in cryptocurrency prices.
  • Investors hedge in the crypto market by buying put options.

The cryptocurrency market continues to stagnate due to the hawkish stance of the Federal Reserve.

Bitcoin is still stuck in the $18,000-$19,000 range.

According to Jason Geupfert, a crypto influencer, retail traders are anticipating a complete meltdown in the cryptocurrency market.

According to Geofert, retail investors spent nearly $20 billion last week to purchase put option protection, a record number.

Geofert revealed that leveraged traders are anticipating an imminent crash in the cryptocurrency market.

Why do crypto market traders expect a price crash?

The Federal Reserve has taken a very aggressive stance to curb high inflation in the economy.

Read:Dogecoin project aims to provide Dogecoin transactions offline…Details here

The Federal Reserve has also engaged in quantitative tightening to combat inflation caused by policy taken during the pandemic.

The Federal Reserve raised interest rates by 75 basis points three times in a row.

Even market optimists expect a 100 basis point rise before the end of this year.

Meanwhile, recession warnings are echoing across the market.

The World Bank believes that the global economy will suffer a recession next year.

FedEx gave a stern warning that the slowdown in demand has accelerated.

If Federal Reserve Chairman Jerome Powell follows in the footsteps of his predecessor Paul Volcker, the economy will indeed enter a recession.

How do crypto market traders protect themselves?

Crypto market traders recorded a record high in their orders to buy put options.

according to Investopedia A put option gives investors the right but not the obligation to sell a specific asset.

This is considered a negative feeling about the value of the underlying asset.

The index also recorded net futures sales of $46 billion.

Read:SEC Delays Deadline for Approval of Ark Invest’s Bitcoin ETF

Not everyone shares the same feelings.

Michael van de Poppe, crypto market analyst and CEO of Eight Global believes there is a short squeeze coming, but the rally after that will be immediate.

Read also:

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