Bitcoin Traders Spend $552M to Hedge Against Another Crash
A wall of 1.79 million Bitcoin is boxing the market between $60,000 and $70,000, making $65,000 the key test.
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A wall of 1.79 million Bitcoin is boxing the market between $60,000 and $70,000, making $65,000 the key test.
Spot ETFs drew the bid that lifted BTC off the lows, but options desks are still buying downside protection in size, framing the $66K to $68K range as the rally's next trap zone.
Bitcoin is trading just above $77,000, but the institutional activity surrounding the move tells a more cautious story…