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Bitcoin Traders Bet on a Sub-$70,000 Christmas as Options Turn Defensive

Derive traders now see a 31% chance of bitcoin ending below $70,000 as put demand surges, Bitmine reports a $6.3bn loss and stablecoin supply shrinks. The post Bitcoin Traders Bet on a Sub-$70,000 Christmas as Options Tu...

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Bitcoin Traders Bet on a Sub-$70,000 Christmas as Options Turn Defensive
Derive traders now see a 31% chance of bitcoin ending below $70,000 as put demand surges, Bitmine reports a $6.3bn loss and stablecoin supply shrinks. The post Bitcoin Traders Bet on a Sub-$70,000 Christmas as Options Turn Defensive appeared first on CryptoGazette.

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Bitcoin is showing up inside the Market Structure theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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