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Deribit Executive Warns Bitcoin Break Below $60K Could Deepen Selloff

2026-06-10 13:51:08

Abstract generation in progress

Bitcoin is nearing $60,000 amid record ETF outflows, a level analysts view as major support. Deribit CCO Jean-David Pequignot said a break below that level could pressure institutional cost bases and trigger hedging around more than $1.2 billion in $60,000 strike put options.

BTC-0.02%

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