<ul><li>Investors are hedging against a decline in Bitcoin to levels last seen after election day.</li><li>The open interest for put options with a strike price of $70,000 is the second highest among all contracts expiring on February 28.</li><li>Bitcoin has fallen around 20% since Donald Trump's inauguration, due to concerns about inflation and a record hack of the Bybit exchange.</li><li>Bitcoin fell for a fourth consecutive day, dropping around 5.6% to $83,744, bringing its four-day decline to the biggest since August.</li></ul>

Bitcoin’s slide has traders hedging against a drop to $70 000

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