According to @GreeksLive, savvy traders are actively hedging their Bitcoin (BTC) and Ethereum (ETH) positions for a potential summer downturn, despite broader market bullishness. Analysis of options data from Amberdata shows that 25-delta risk reversals for BTC for June, July, and August tenors are negative, indicating a strong preference for protective put options over bullish call options. Similarly, for ETH, put options are pricier than calls out to the July expiry. Singapore-based QCP Capital noted in a market update that this activity suggests long holders are hedging their spot exposure against potential drawdowns. Further supporting this cautious sentiment, Coinbase Institutional's weekly report highlighted that a rising 25-delta put-call skew on 30-day contracts implies market participants are seeking short-term protection. On a technical level, BTC recently closed below its 50-day simple moving average (SMA), a bearish signal that could lead to further chart-driven selling.

According to @BitMEXResearch, experienced Bitcoin (BTC) and Ether (ETH) traders are actively hedging against potential summer price declines using options strategies. Data from Amberdata shows that 25-delta risk reversals for June, July, and August tenors are negative, indicating a stronger demand for protective put options over bullish call options. Singapore-based QCP Capital stated this suggests that investors with long positions are hedging their spot market exposure to prepare for possible drawdowns. Further supporting this cautious sentiment, Coinbase Institutional's weekly report noted a rise in BTC options open interest and a positive put-call skew, implying traders are seeking short-term protection. From a technical standpoint, BTC's recent close below its 50-day simple moving average could trigger further selling. However, some analysts remain bullish; market observer Cas Abbé cited strong on-balance volume to forecast a potential rally to the $130,000-$135,000 range by the end of Q3. Additionally, analyst Valentine Fournier highlighted that long-term structural demand is growing, with entities like Texas and corporations such as Metaplanet adding BTC to their reserves, which could support a rebound.

According to Lookonchain, Abraxas Capital's two wallets on Hyperliquid have generated over $112 million in profits by shorting BTC, ETH, and SOL with 10x leverage as a hedge against their spot holdings. This significant profit reflects effective risk management and market timing, underscoring the impact of leveraged short positions in volatile conditions. Traders should monitor similar institutional strategies for directional cues, as such large-scale hedging activity may signal continued downside pressure or volatility for BTC, ETH, and SOL in the near term. (Source: Lookonchain, June 22, 2025)

According to Fox News, the US Army celebrated its 250th anniversary with a major parade in Washington, D.C., honoring heroes of past wars (source: Fox News on Twitter). While the event primarily marks a milestone for defense history, it also influences investor sentiment in defense-related stocks, with increased attention on companies supplying military technology. Historically, such patriotic events can create a temporary boost in defense sector equities, which may indirectly affect cryptocurrency markets as investors rebalance portfolios, especially given recent trends of crypto hedging during geopolitical events (source: Bloomberg, historical equity-crypto correlation data). Traders should monitor defense stock movements and watch for short-term shifts in crypto market volatility.

According to The Kobeissi Letter, Congressional Budget Office (CBO) projections have consistently underestimated the long-term growth of US federal debt. In 2001, the CBO forecasted that federal debt held by the public would decline to $0.9 trillion by 2011, but actual debt surged to $10.4 trillion—a miss of $9.5 trillion (source: The Kobeissi Letter, May 29, 2025). This persistent underestimation signals growing fiscal uncertainty, which is driving increased demand for cryptocurrencies and decentralized assets as hedges against US dollar devaluation. Traders should monitor these macroeconomic trends, as rising federal debt levels historically correlate with increased volatility and bullish sentiment in the Bitcoin and altcoin markets.

According to Paolo Ardoino, Tether Gold (XAU₮) adoption is expanding, as noted in his tweet on May 27, 2025 (source: @paoloardoino). This broadening acceptance of XAU₮, a gold-backed stablecoin, is increasing its liquidity on major exchanges and decentralized platforms, directly impacting trading strategies and portfolio diversification for crypto traders. The rising demand for XAU₮ highlights a preference for stable, asset-backed tokens amid ongoing crypto market volatility, providing new hedging opportunities and influencing trading volumes across stablecoin pairs. Traders should monitor XAU₮ price trends and on-chain data to capitalize on liquidity growth and arbitrage possibilities as adoption accelerates (source: @paoloardoino).