Traders Brace for Bitcoin's Potential Slide with Options Hedging at $70,000
2 months ago
In recent developments within the cryptocurrency markets, a significant trend has emerged as traders are increasingly utilizing Bitcoin options to hedge against a potential downturn in prices, specifically targeting a drop to the pivotal $70,000 mark. This strategic move is indicative of growing caution among investors, as uncertainty continues to loom over Bitcoin's market trajectory.
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Bitcoin Soars Past $65,000 Ahead of $5.8 Billion Options Expiry
7 months ago
Bitcoin surged above $65,000 on Thursday, the largest cryptocurrency by market value, to its highest in months. Its big jump came as traders positioned for the largest $5.8 billion options expiry in late September.
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