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  4. Data shows Bitcoin bears dominate Friday's $2.5B BTC options expiry
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Data shows Bitcoin bears dominate Friday's $2.5B BTC options expiry

Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been...
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Data shows Bitcoin bears dominate Friday's $2.5B BTC options expiry Data shows Bitcoin bears dominate Friday's $2.5B BTC options expiry

Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts:

However, as reported by Cointelegraph, Bitcoin's hash rate dropping nearly 50% to an 8-month low could also have played a vital role in the price correction. Not even MicroStrategy's recent $489 million purchase was enough to sustain the $35,000 support.

Bitcoin options aggregate open interest for June 25. Source: Bybt

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01-05-2024 10:45:17 (UTC+7)

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SJC Eximbank8,300/ 8,500
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