Tariff Uncertainty Resurfaces: Bitcoin Options Market Bets on Downside Risk

Monday, Feb 23, 2026 7:27 pm ET1min read
BTC--

US Supreme Court rejects Trump's emergency tariff measures, reinstating up to 15% temporary tariffs, increasing trade uncertainty and pressuring crypto market. Deribit data shows a sharp jump in open interest for Bitcoin put options, signaling traders hedging against potential downside. Tariff policy and macro uncertainty may continue to pressure risk assets, including crypto.

Tariff Uncertainty Resurfaces: Bitcoin Options Market Bets on Downside Risk

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