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via CoinDesk · By CoinDesk Staff

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

BTC

BTC/USDT

$62,989.35

-0.05%

$62,989.35

-0.05%

(24s)

24h Volume

$2,182,308,549.85

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,072.43

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,882.62

Resistance 1$63,121.09

Price$63,072.43

Support 1$62,928.14

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

CoinDesk Staff

(02:11 AM UTC)

1 min read

Updated byJames Mitchell

0 comments

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…

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CoinDesk Staff · CoinDesk

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