๐ Bitcoin Enters August at ~$64K as Traders Load Up on $60K Put Protection
After a positive July, sentiment is swinging bearish fast โ options traders are buying $60K puts as a hedge heading into Bitcoin's historically worst month. BTC has faced rejection near the upper boundary of its descending channel and must reclaim $65Kโ$70K to break its downtrend, per multiple analysts. August has been a losing month for Bitcoin four years in a row. Not financial advice. Will BTC break the streak this time or revisit the $60K zone?
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