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Virtuals Protocol tests automated options trading for BTC and ETH hedging around US economic data.

Protocol Fundamentals
23 Oct 2026
Tokenpost
View Source
Neutral
Virtuals Protocol tests automated options trading for BTC and ETH hedging around US economic data.

Virtuals Protocol is conducting a private test of Butler's automated options trading on the Derive platform, allowing Bitcoin and Ether holders to hedge against major U.S. economic events like Federal Reserve rate decisions and CPI releases. Users set a decline threshold and authorize Butler once, after which the tool manages follow-up trades automatically. This new feature complements Butler's existing automated scalping and copy trading tools, enhancing risk management options for crypto investors during volatile economic periods.

Virtuals Protocol's new options-hedging test on Derive provides context for crypto market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 24, 2026 07:51 WIB: out of 50 priced major cryptocurrencies, 13 rose and 36 fell. Notable movers include CRV at Rp6.362 with a -3.81% change and 40% sell activity, COMP at Rp427.580 with a -3.73% change and 93% sell activity, and DOT at Rp19.417 with a -3.48% change and balanced buy/sell activity.

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