On February 24, following the U.S. Supreme Court's rejection of President Trump's previous emergency tariff measures, Trump immediately announced the restart of temporary tariffs of up to 15% under other trade laws. Trade uncertainty has once again increased, putting pressure on risk appetite in the crypto market.

Data from the options trading platform Deribit shows a significant increase in open interest for put options with strike prices of $58,000, $60,000, and $62,000 for Bitcoin, indicating traders are hedging potential downside risks by buying put options. Put options are typically used to provide protection when prices decline.

Market analysts believe that the repeated tariff policies combined with macroeconomic uncertainties may continue to exert pressure on risk assets, including cryptocurrencies. $BTC