“Put options have dominated trading activity over the past week.”, — write: www.coindesk.com
According to blockchain analytics firm Glassnode, traders have been heavily buying short-term BTC put options at the $75,000 strike price on Deribit since bitcoin’s spot price slipped below $94,000 earlier this week.
The $75K put option reflects a bet that Bitcoin’s price will fall below that level, echoing the early April dip that bottomed around $74,000.
Glassnode commented on X, “The options market isn’t signaling a bottom yet and is leaning toward the risk of a deeper move.”
CoinDesk recently highlighted a clear bearish shift in the Bitcoin options market, with the $85,000 put option becoming the dominant trade, replacing the previously popular $140,000 call option.
Put options have comprised over 65% of all options activity in the past week, indicating aggressive downside hedging by traders. Glassnode noted this also reflects traders exploiting volatility spreads by selling high short-dated volatility and buying longer-dated contracts to capitalize on market dislocations.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
View Full Report
Rival crypto asset manager Bitwise launched its XRP ETF earlier this week.
- Grayscale’s Dogecoin (GDOG) and XRP (GXRP) ETFs will begin trading on NYSE Arca, offering spot exposure to each asset.
- The launches follow rising demand for altcoin ETFs, with Bitwise and Franklin Templeton also expanding into DOGE, XRP and Solana products.
Read full story