Bitcoin traders load up on bearish bets all the way down to $52,000
Bitcoin traders are scrambling to buy options bets that would pay off if the selloff deepens.
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Summary
- Bitcoin traders are heavily buying short- and near-dated put options on Deribit, signaling growing bets on a deeper price drop toward levels as low as $52,000.
- The rush into out-of-the-money puts reflects mounting bearish sentiment driven by a hawkish Federal Reserve, a stronger dollar and dominant BTC holder Strategy’s growing complications.
