#BitcoinSlipsAfterStrongUSJobsReport
Over $1.1 billion in put options is concentrated at the $60k level. The current price drop forces market makers into mechanical hedging, which increases instant sell pressure. Trade carefully without leverage!
#RiskManagement $BTC
#CryptoTradingInsights
Over $1.1 billion in put options is concentrated at the $60k level. The current price drop forces market makers into mechanical hedging, which increases instant sell pressure. Trade carefully without leverage!
#RiskManagement $BTC
#CryptoTradingInsights