Bets on bitcoin slide below $75,000 are now as hot as those $100,000 plays

This surge in demand for lower-strike puts contrasts with the post-Trump-election pattern of enthusiasm for high-strike calls. What to know : Bitcoin's price swoon has spurred a rush into put options as traders seek protection against further declines. The $75,000 put, representing a bet on a BTC price drop below the level, is now just as popular as the $100,000 bullish call option. This surge in demand for lower-strike puts contrasts with the post-Trump-election pattern of enthusiasm for high-strike calls.