Bitcoin options turn bearish as BTC flirts with drop below $80K
Bitcoin options flashed extreme fear signals as the spot BTC ETF outflows rose, and the odds for a drop below $80,000 increased. Will dip buyers step in to save the day?
Key takeaways:
Bitcoin options show the highest level of fear in a year, as traders brace for the possibility of a deeper selloff.
Bitcoin markets might be more stable due to high-risk leveraged positions being liquidated.