The open contracts for the $80,000 Bitcoin put options on Deribit have reached 10,278, worth more than $860 million

Data shows that the number of open contracts for $80,000 Bitcoin put options on Deribit has reached 10,278, valued at approximately $864.26 million. Analysts believe that traders are seeking downside protection amid economic uncertainty and potential trade tensions. Later on Wednesday in the United States, Trump is expected to announce comprehensive tariffs on its trading partners, which could lead to a full-scale trade war and prompt Bitcoin traders to pursue downside protection.