Paradigm: The demand for BTC and ETH put options has reemerged

ChainCatcher news indicates that Bitcoin and Ethereum have seen price declines due to protective demand amid the FTX sell-off, as a shift in sentiment may lead investors to worry about a potential situation similar to the Terra collapse involving FTX-Alameda.

Patrick Chu, Head of Institutional Sales and Trading at the over-the-counter crypto derivatives platform Paradigm, analyzed: "After negative news related to FTT emerged, we saw new demand in the market for downside protection. In particular, there has been strong demand for short-term put options, with the market showing significant interest in Bitcoin and Ethereum puts expiring at the end of November and December." (CoinDesk)