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Bitcoin Holds $110K, But Traders Just Bet $1.15B on Crash to $104K
Yahoo Finance· 2025-10-16 12:11
Group 1 - Institutional traders have bet over $1.15 billion on downside protection in the past 24 hours, with put options making up 28% of total market transactions while Bitcoin remains above $110,000 [1] - The options market shows a high degree of panic among large players, with market skew turning deeply negative, comparable to levels seen after the $19 billion liquidation crash on October 11 [2] - Total open interest across all Bitcoin derivatives is at $33.0 billion, with perpetual contracts at $30.9 billion and futures contracts at $2.2 billion, reflecting a 1.67% decline in open interest over 24 hours [3] Group 2 - A Bitcoin whale transferred 2,000 BTC, valued at approximately $222 million, into 51 new addresses, indicating a common practice among large holders for privacy rather than panic selling [4] - The ongoing liquidation primarily affects traders using high leverage on low-quality cryptocurrencies, with a warning that there is no safe leverage on coins that can potentially go to zero [5] - Significant short positions have been established, including a 3,440 BTC short worth approximately $392 million, with unrealized gains of $5.7 million, and other large traders building short positions across multiple cryptocurrencies [6]
X @Bitcoin Archive
Bitcoin Archive· 2025-10-12 11:52
Market Risk & Investment Strategy - Simon Dixon warns of a potential market rug-pull orchestrated by Wall Street to acquire Bitcoin [1] - Wall Street is allegedly planning to create market panic to induce Bitcoin selling [1] - The strategy involves destabilizing Bitcoin to trigger panic selling [1] Bitcoin & Cryptocurrency - The report discusses strategies to protect oneself from Wall Street's alleged attempts to destabilize Bitcoin [1] - BlackRock's plans to potentially "steal" Bitcoin are mentioned [1]