# Bitcoin’s $70,000 Put Premium Rose 127.6% Between Two Trades

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/56793
Published: 2026-11-13T14:54:01.000Z
Updated: 2026-11-13T14:54:01.000Z
Section: Investing

> The Nov. 27 Bitcoin (BTC) contract’s premium rose from 0.0145 BTC to 0.033 BTC as Deribit’s BTC index moved below the strike, while reported implied volatility declined.

Two recorded trades in a Nov. 27 Bitcoin (BTC) put with a $70,000 strike show its BTC-denominated premium rising 127.6% as Deribit’s index moved below the strike, while reported implied volatility fell.

The contract traded at 0.0145 BTC at 6:51 a.m. ET Nov. 12 (11:51:01 UTC) and 0.033 BTC at 5:15 a.m. ET Nov. 13 (10:15:10 UTC), an interval of 22 hours, 24 minutes and 9 seconds. The increase is calculated from those two executions and does not establish the price other buyers could have obtained.

At the earlier trade, Deribit’s BTC index was $72,805.71, above the strike. At the later trade, it was $69,320.08, below the strike. Reported trade implied volatility declined from 38.97% to 37.67%.

Converted at the index price for each trade, the premiums were about $1,055.68 and $2,287.56, a calculated 116.7% increase in dollar terms. Because the conversions use different index prices, they are not matched dollar quotes.

A put gives its buyer the right to sell one BTC at the strike under the contract’s terms. The premium and fees affect the net proceeds, so the $70,000 strike does not guarantee a $70,000 net sale price. The two trades do not identify what drove the premium change or establish a broader rise in demand for hedges. The contract expires Nov. 27.