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Bitcoin drops to $62,400 amid options expiry, liquidations, and concerns over corporate selling.

Market News
19 Jun 2026
Crypto news
View Source
Bearish
pluang ai news

Bitcoin fell to around $62,400 following a volatile options expiry and significant liquidations, with nearly $136 million in BTC positions closed, mostly from long traders. Concerns over Strategy potentially selling $3-4 billion in Bitcoin to support its preferred stock added to negative sentiment. Technical indicators show Bitcoin testing key support between $61,000 and $62,000, with a break below possibly leading to a drop toward $59,000. Market uncertainty is heightened by macroeconomic factors like a stronger U.S. dollar and ongoing geopolitical tensions, while mining operators face pressure due to Bitcoin trading below production costs.

More News (BTC)

Pi Network price falls below $0.13, hitting a new low amid bearish market pressure and rising exchange outflows.

Pi Network price falls below $0.13, hitting a new low amid bearish market pressure and rising exchange outflows.

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Market News
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Bitcoin and Ethereum dip near key support levels as weekend trading begins, signaling cautious market sentiment.

Bitcoin and Ethereum dip near key support levels as weekend trading begins, signaling cautious market sentiment.

Bitcoin and Ethereum both declined over the weekend, with Bitcoin trading around $62,558 after a 2.9% drop and Ethereum at $1,694 following a 3.07% decrease. Bitcoin remains just below its critical 200-day moving average, a key technical level that c...

Technical Signals
Bearish
6 hours ago
$2.13B worth of Bitcoin and Ethereum options contracts are expiring, possibly impacting short-term crypto market volatility.

$2.13B worth of Bitcoin and Ethereum options contracts are expiring, possibly impacting short-term crypto market volatility.

Bitcoin and Ethereum options contracts with a combined notional value of $2.13 billion are set to expire soon, attracting attention from derivatives traders. This large expiry could influence short-term market liquidity and price movements as traders...

Market News
Neutral
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Jito token leads Upbit's greed index with a 2% price rise amid selective crypto risk appetite in Korea.

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Jito (JTO) token rose about 2% on Upbit, topping the platform's greed index with a score of 85, signaling concentrated liquidity and selective risk appetite in Korea's crypto market. Despite overall market volatility, Jito showed strong buying intere...

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