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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

$79,615.81

-1.76%

$79,615.81

-1.76%

(24s)

24h Volume

$17,253,211,122.35

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0014%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,603.06

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,603.06

Support 1$78,324.21

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.2

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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