Bitcoin traders just stripped away crash protection – right as the Fed prepares its most unpredictable rate decision in years
Bitcoin traders have spent the previous month decreasing protection in opposition to a value decline whereas the Fed has made its next decision more durable to foretell. The Bitcoin choices put-to-call open-interest ratio has fallen to roughly 0.52 from 0.76 in late June, that means about 52 put contracts stay open for each 100 calls….
