币界网报道:Derive.xyz data shows traders are bracing for Bitcoin downside volatility, with 20% of its $54M BTC options open interest concentrated in July 11 expiry puts at $85K-$106K strikes. Derive founder Nick Forster noted this reflects hedging against macro uncertainty or profit-taking after recent gains, with puts comprising 70% of 24-hour volume. Meanwhile, Deribit traders dumped July expiry puts while buying $108K-$115K calls as BTC rose 7% last week. On Derive, ETH traders appear bullish ahead of ETHCC, with 30% of open interest in $2,900 calls and 10% in $3,200 calls, anticipating potential catalysts from the event.