Traders prepare for a crash to $75K
Bitcoin BTC$84,532.41 has fallen sharply, falling over 25% to $83,700 this month, and data suggests some traders are bracing for a further drop. According to blockchain research firm Glassnode, traders have been heavily buying short-term BTC put options at the $75,000 strike price on Deribit since bitcoin’s spot price fell below $94,000 earlier this week. […]
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