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Bitcoin options show rising put volume at $60K strike, signaling cautious short-term hedging amid bullish long-term bets.

Market News
24 Jun 2026
Tokenpost
View Source
Neutral
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Bitcoin options open interest slightly declined to $34.37 billion, with calls making up 59.77% and puts 40.23%, indicating a bullish long-term outlook. However, recent trading volume favored puts at 52.76%, led by heavy activity in $60,000 put contracts, suggesting increased demand for short-term downside protection or hedging. Major trading venues like Deribit dominate activity, while institutional participation on regulated platforms remains limited. This mix of call-heavy open interest and put-heavy short-term volume reflects a market balancing optimism with caution amid potential near-term volatility.

More News (BTC)

Bitcoin faces volatility as deposits to exchanges hit multi-month highs, signaling potential price drop below $60K.

Bitcoin faces volatility as deposits to exchanges hit multi-month highs, signaling potential price drop below $60K.

Bitcoin is showing signs of potential volatility with growing concerns about maintaining the $60,000 level. Deposits of Bitcoin into exchanges have surged to multi-month highs, a pattern historically linked to price declines below key psychological l...

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Standard Chartered predicts AAVE token could soar to $3,500 by 2030, a 50x gain from current levels.

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Analyst Insights
Bullish
8 hours ago
XRP price dips amid market weakness but whale buying hints at possible bullish reversal.

XRP price dips amid market weakness but whale buying hints at possible bullish reversal.

Ripple's XRP has declined 9% this week, continuing a downtrend since last year due to low network activity and increased supply. The price broke below a key support range and retested it, signaling potential further decline if another low is made. Ho...

Technical Signals
Neutral
10 hours ago
Crypto market loses $2.2 trillion since Oct 2025 peak; Bitcoin down 53%, Ethereum down 67%.

Crypto market loses $2.2 trillion since Oct 2025 peak; Bitcoin down 53%, Ethereum down 67%.

Since its peak in October 2025, the cryptocurrency market has lost over $2.2 trillion in value, dropping from $4.27 trillion to $2.02 trillion by June 2026. Bitcoin fell 53% from its all-time high of $126,200 to $59,000, while Ethereum declined 67%. ...

Market News
Bearish
10 hours ago
Cryptocurrency prices mostly fall, with Bitcoin down 2.76% and Ethereum down 3.24%.

Cryptocurrency prices mostly fall, with Bitcoin down 2.76% and Ethereum down 3.24%.

Most major cryptocurrencies experienced price declines, including Bitcoin dropping 2.76% to $60,733 and Ethereum falling 3.24% to $1,608.71. Other notable coins like Binance Coin and XRP also saw decreases, reflecting a broad market pullback. A few t...

Market News
Bearish
11 hours ago
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