BTC hedging depth is accelerating. After an 18% drawdown and four days of ETF outflows, traders have piled into downside hedges; with 80K–90K puts becoming the highest-conviction strikes. Macro uncertainty is bleeding directly into positioning. Tomorrow’s data will matter. Read more on @CoinDesk ⌄ https://www.coindesk.com/markets/2025/11/06/how-deep-are-bitcoin-traders-hedging-after-recent-price-dip-below-usd100k(Deribit)