⚠️ Bitcoin Faces $1.24B Risk at $60K Level

The $60k level represents a significant area of support for Bitcoin. Currently trading at approximately $67k, put options (which limit loss) hold almost $1.24 billion in value below the $60k area (Deribit). Should the $60k area break this amount will add volatility (risk) through forced liquidations from Bitcoin mortgage loans used as collateral and hedging liquidations as companies hedge their own positions. Analysts believe if Bitcoin were to drop towards $58k it would have an opening to fall to $50k, thus Bitcoin´s price will remain volatile because sentiment surrounding Bitcoin is still weak compared to prior highs.

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BTC

67,947.27

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