Bitcoin Options Traders Bet on $50,000 Put Options

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Bitcoin briefly dropped to $57,700, the lowest level since September 2024, before rebounding to $58,800. The market recorded $395 million in liquidations, with open interest rising to 768,000 BTC. All put options across all maturities on Deribit are trading at a premium compared to call options, including a large transaction betting on a Bitcoin put option with a strike price of $50,000 expiring in September. (CoinDesk)
BTC2.48%
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