Bitcoin traders load up on bearish bets all the way down to $52,000 (opens original article in a new tab)

Bitcoin traders are increasing bearish bets by purchasing put options on Deribit, anticipating a price drop to $52,000 amid economic and corporate challenges

• Bitcoin traders are buying put options on Deribit to bet on a price drop to $52,000
• Heavy buying of put options occurred for expirations from June 22 to July 31
• Bearish sentiment is driven by a hawkish Federal Reserve and Strategy's financial troubles
• BTC price is near $62,400, down 0.8% from midnight UTC