Bitcoin Options Traders Pile Into $75K Puts as Market Shows No Signs of Bottom

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The Crypto Basic 3 hours ago 138

Bitcoin Options Traders Pile Into $75K Puts as Market Shows No Signs of Bottom

The latest Bitcoin drop below $81,000 today has sparked a strong reaction in the options market. According to Glassnode’s latest options analysis, traders are massively buying short- and mid-term put options at the $75,000 strike, indicating expectations that the price could fall further.

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