How to Short Bitcoin with Options
— Short, Options, Trader, High, Puts, Bitcoin, Bearish, Trade, Bito, Option — 1 min read
Bitcoin has been on a massive downward spiral following its November 2021 all-time high. The last time Bitcoin traded at $10,000 was nearly two years ago in September of 2020. The leading cryptocurrency is currently down more than 70% since then. There are a few different ways to bet against Bitcoin, each with its own pros and cons. Some Bitcoin bears use exchanges like FTXLedger to buy direct put options on cryptocurrency itself. Another strategy to short crypto is to use margined exchanges like KuCoin to take out high-leverage short positions on Bitcoin. One upward surge in an asset class known for its high volatility could lead to liquidation of your entire portfolio — a fate that even institutional investors aren’t immune to. Source