Nonfarm Payrolls Preview: BTC Traders Snag Cheap OTM Puts Bracing for NFP Shock
As the August U.S. nonfarm payrolls report (NFP) nears, bitcoin BTC$109,430.93 traders on the CME are snapping up inexpensive bearish bets by purchasing far out-of-the-money puts, hedging against the possibility of an unexpectedly strong jobs print that could trigger a sell-off in risk assets. The NFP, due Friday, is expected to show that the economy…