Analyst: BTC investors are positioning for a price drop

Maxime Seiler, CEO of digital asset trading firm STS Digital, has analyzed that Bitcoin investors are building positions in preparation for a price drop. In an interview with DL News, he said Bitcoin's price fell nearly 4% over the weekend as the U.S. and Iran failed to reach an agreement, and investors are now bracing for further declines. Seiler explained that increased demand for put options reflects fear in the market, meaning investors are closing out their bullish bets while paying to hedge against downside risk. He added that, overall, put options are trading at a significant premium to call options.