Bitcoin Holds Near $67K as Traders Pay Up for Crash Protection in Options Markets

As Bitcoin struggles to hold $67,000, options markets are flashing warning signs as traders aggressively bid up downside protection to hedge against a potential capitulation event. By early morning, UTC, BTC had climbed 1% over 24 hours to trade near $67,000, recovering from an uneasy dip below the $66,000 handle. The setup remains precarious. Even as price action steadies, the average U.S. ETF investor is nursing a stinging 20% paper loss, with a cost basis near $84,000. This fragility comes after a br ...