Deribit Executive: Bitcoin Break Below $60K Could Trigger Liquidations
CoinDesk reported that Deribit Chief Commercial Officer Jean-David Péquignot said $60,000 is a key Bitcoin level, with more than $1.2 billion in notional open interest tied to put options at that strike on Deribit. He noted that a move below $60,000 could force market makers to hedge short gamma exposure by selling spot or futures, while elevated leverage may trigger a cascade of long liquidations.
Retail sentiment is what’s really dead. Especially in crypto.
That’s not a bad thing.
The crypto market won’t go full bull though until everyone has given up.
@elonmusk Spanish PM Pedro Sánchez was democratically elected.
He is neither a “tyrant” nor a “traitor”.
Legacy social media are awash with disinformation and ragebait.
The world needs professional quality journalism.