Heavy positioning at lower strikes signals rising demand for downside protection for bitcoin.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.