Anthropic · OpenAI · SpaceX · Donald Trump · Bitcoin · Strategy · CryptoSlate
Bitcoin’s plunge to $65,000 has traders paying to protect against a fall to $50,000
Compiled by KHAO Editorial — aggregated from 1 source + 2 references discovered via search. See llms.txt for citation guidance.
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Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower.
Key facts
- Pierre Rochard, CEO of the Bitcoin Bond Company, pointed out that this AI boom has added $19 trillion in market capitalization to the top 50 public equities over the past 12 months, roughly 13 times
- Deribit data shows traders have built roughly $1.2 billion in open interest around the $60,000 strike, while the $50,000 strike has attracted about half that amount
- This week, Strategy confirmed that it sold 32 BTC for $2.5 million to fund cash distributions and dividend payments on its high-yield perpetual preferred stock
- Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations and wiping out bullish leverage that had built
Summary
01 Bitcoin fell to $65,404 after breaking $70,000, triggering $1.8 billion in liquidations and fresh demand for downside protection. 02 Traders are targeting $60,000 and $50,000 strikes as ETF outflows and Strategy's sale weaken demand that supported prices earlier. 03 Whether spot buyers return or selling deepens remains unclear, with $70,000 now resistance and a deeper reset still possible. Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations and wiping out bullish leverage that had built around hopes of a quick recovery.