Here's why bitcoin traders are now betting billions on a drop below $75,000 and bailing on price rising higher
Yahoo Finance·2026-02-01 15:32
Bitcoin's (BTC) price crash has shifted the market vibe, with bets on it sliding further now just as hot as moonshot plays over $100,000. The leading cryptocurrency by market value has dropped nearly 10% this week, reaching nine-month lows below $78,000, according to CoinDesk data. The price swoon has traders scrambling for put options, those derivative contracts that shield against a potential decline in bitcoin, just like medical insurance covers someone if they get sick. The result: the dollar value ...