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Greeks.live: Some traders have turned to buying Bitcoin put options for protection.

DailyNews

2025-06-11 12:16:14

BTC-1,62%

Odaily News Greeks.live released a community brief stating: Some traders have shifted to buying Bitcoin put options for protection, with short positions dominating. The main market divergence seems to focus on whether Bitcoin can reach the target price of $120,000. Some believe this is “impossible,” while others hope to reach this target before a significant pullback occurs. Additionally, traders are closely following $90,000 and viewing it as a potential retest of price lows.

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