$BNB usdt

$BNB #MarketBuyOrHold? Bitcoin reached a record high of $99,830 on November 22, but subsequently dropped by more than 8%, falling to a one-week low of $91,377.32 during the session on November 26.

This cryptocurrency has increased by 120% since the beginning of the year and about 34% this month, thanks to Donald Trump's election as President of the United States and the support of many lawmakers for cryptocurrency in Congress. Trump has expressed support for digital assets during his campaign, promising to make the U.S. the "cryptocurrency capital of the planet" and to accumulate a national Bitcoin reserve.

Nick Forster, the founder of the decentralized protocol Derive with a total trading volume of $7.1 billion, stated on November 26 that the options buy-sell spread index for Bitcoin with a maturity date of December 27 had significantly decreased by 30% in the past 24 hours, as market participants shifted to more defensive strategies.

The options buy-sell spread index is a market sentiment indicator that reflects the difference in market expectations regarding the future price increase and decrease of the asset. A positive index indicates that demand for call options is higher than for put options, meaning that there are more predictions of price increases.

In this case, the options buy-sell spread index decreased by 30%, meaning that the gap between call options and put options is narrowing. Although the spread remains positive (still leaning towards call options), this decline indicates that market sentiment is shifting from optimistic to more cautious, with many traders seeking protection against potential downside risks.