Overview

Crypto traders are pursuing short-dated puts linked to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as they respond to President Donald Trump’s executive measures.

Key Highlights

• Traders are concerned about the market’s lack of new purchases, viewing the reserve as a mere strategic stockpile.
• While BTC, ETH, and SOL options show a demand for puts, XRP maintains a resilient sentiment.
• Upcoming events such as the White House crypto summit could potentially impact the market.

Market Sentiments

As short-dated puts rise in demand, they signal fears of price declines. According to Andrew Melville, the short-tenor volatility skews indicate that there remains a bullish tilt in BTC and ETH options beyond one week.

“The outcomes could significantly influence the regulatory landscape and institutional sentiment toward digital assets.” - Ryan Lee

Additionally, traders are also looking at the upcoming U.S. nonfarm payrolls report to gauge potential market support.

“A weaker-than-expected data would validate renewed hopes for at least three Federal Reserve rate cuts this year.” - Markus Thielen

For traders, the clarity around regulations could symbolize substantial shifts in market dynamics.