Bitcoin options traders load up on $50,000 puts, signalling caution
Bitcoin options traders are heavily buying $50,000 put options, a sign that many expect further price declines rather than a sustained recovery. Simultaneously, record open interest in gold futures points to a flight toward safe-haven assets. Analysts note that $8.35 billion in long liquidations in Q2 have thinned leverage, but market depth and ETF inflows remain weak heading into Q3.
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