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Bitcoin options traders bet on $50,000 put options

2026-07-01 10:48

Odaily Planet Daily News Bitcoin once fell to $57,700, its lowest level since September 2024, before recovering to $58,800; the market recorded $395 million in liquidations, and open interest rose to 768,000 BTC. Puts across all tenors on Deribit are trading at a premium to calls, with one block trade betting on the Bitcoin put option expiring in September with a strike price of $50,000. (CoinDesk)