via CoinDesk · By CoinDesk Staff
Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
BTC/USDT
$24,517,105,853.03
$64,700.00 / $61,306.84
Change: $3,393.16 (5.53%)
+0.0064%
Longs pay
Panic has crept back into the crypto market, as bitcoin continues its decline to $62,000, spurring demand for options bets that protect against potential price losses below $50,000.
In the past 24 hours, the $50,000 strike put expiring on June 26 is the most traded bet on Deribit, the world's largest crypto options exchange by volume. A put option offers insurance against price losses in the…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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