[Bitcoin $80K Put Option Hedging Activity Surges] CoinDesk analyst Omkar Godbole pointed out that hedging activity around Bitcoin $80,000 put options has significantly increased, potentially posing challenges to the short-term trading environment. On the macro level, the strong performance of 10-year Treasury bonds serves as a warning for other risk assets, including stocks. The situation may change before the end of the year, especially if the Federal Reserve cuts interest rates by 25 basis points early next month as expected and signals a dovish stance.