Bitcoin is approaching the critical $60,000 level, a key support tied to institutional cost bases and derivatives hedging. If it falls below this threshold, it could trigger mechanical selling by market makers and forced liquidations of leveraged long positions, potentially accelerating the decline. This level is crucial because many institutions bought Bitcoin between $60,000 and $67,000, and a drop below $60,000 would increase unrealized losses, prompting rushed selling amid competing market rallies like AI stocks. The derivatives market also poses risks, as over $1.2 billion in put options at the $60,000 strike could force market makers to sell Bitcoin to hedge, deepening the selloff.
Bitcoin price dropped to around $61,925 on June 5, pressured by ETF outflows, a rare sale by Strategy, and a surge in large whale deposits on Binance. The $60,000 level has become a critical support after Bitcoin fell sharply from highs above $74,000...
Bitcoin options data from Deribit reveals a bullish market sentiment with a call-heavy open interest, especially concentrated in $80,000 strike calls, indicating traders expect higher prices in the medium term. However, recent trading volume shows in...
Kalshi introduced Ethereum perpetual futures on June 4, offering US traders regulated crypto derivatives with no expiration dates and a temporary zero-fee promotion. This follows their Bitcoin perpetual futures launch, marking a significant step in p...
Strategy's Bitcoin holdings face nearly $11 billion in unrealized losses due to recent market drops, yet the company remains the largest institutional BTC holder. Standard Chartered analysts interpret these losses as signs of a potential market botto...
Veteran trader Peter Brandt warns that Bitcoin, having reached his initial downside target near the February low, could still decline further before forming a tradable bottom. He suggests that Bitcoin might enter a terminal wash-out phase, meaning a ...
