{"id":539219,"date":"2026-06-03T10:42:29","date_gmt":"2026-06-03T09:42:29","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=539219"},"modified":"2026-06-03T10:43:32","modified_gmt":"2026-06-03T09:43:32","slug":"bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/","title":{"rendered":"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000"},"content":{"rendered":"

Bitcoin\u2019s<\/a> aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower.<\/p>\n

Data from CryptoSlate<\/em> showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations and wiping out bullish leverage that had built around hopes of a quick recovery.<\/p>\n

\"Crypto
Crypto Market Liquidation (Source: CoinGlass)<\/figcaption><\/figure>\n

This failed rebound has pushed traders toward protection at levels that only recently looked distant.<\/p>\n

Options positioning now shows demand building around the $60,000 and $50,000 strikes, a sign that investors are preparing for a deeper reset as Strategy\u2019s<\/a> first Bitcoin sale in years, ETF outflows, AI-driven capital rotation and unresolved macro pressure weaken the sources of support that carried the market earlier in the year.<\/p>\n

How BTC's failed bounce turned $70,000 into resistance<\/h2>\n

Analysts at BIT Official noted<\/a> that Bitcoin was already trading defensively after sliding towards $72,000 last week, when geopolitical tensions tied to the Strait of Hormuz<\/a> prompted a broad retreat from risk assets.<\/p>\n

The firm noted that a brief reprieve materialized after President Donald Trump<\/a> suggested the US would lift a naval blockade,<\/a> while April core PCE inflation aligned with expectations at 3.3% year-over-year.<\/p>\n

This data and political development eased immediate macroeconomic anxieties and forced over-leveraged bears to cover their shorts.<\/p>\n

As a result, Bitcoin briefly spiked toward $73,400 over the weekend, giving bulls leverage to argue the selloff was exhausted.<\/p>\n

However, that narrative collapsed when the recovery failed to attract meaningful spot volume.<\/p>\n

When Iran\u2019s foreign ministry explicitly denied nuclear talks, disputed Trump\u2019s uranium claims, and insisted the strait would reopen strictly on its own timeline, the geopolitical relief trade vanished. Without a formal de-escalation, Bitcoin was left entirely exposed.<\/p>\n

Consequently, the market was quickly dragged back to $70,000, which is a critical juncture where options positioning, market psychology, and short-term holder cost bases converged.<\/p>\n

Indeed, that level had served as both a psychological floor for bulls and a prime target for bears hunting for forced liquidations.<\/p>\n

Once Bitcoin sliced through that support, automated liquidation engines began aggressively unwinding undercollateralized long positions.<\/p>\n

The decline further accelerated rapidly into a vacuum, as spot buyers proved unwilling to absorb the selling pressure.<\/p>\n

Strategy\u2019s sale gives bears a cleaner script<\/h2>\n

BTC's decline under $70,000 also came at a highly vulnerable moment when the corporate treasury narrative fractured.<\/p>\n

This week, Strategy confirmed that it sold 32 BTC for $2.5 million to fund cash distributions and dividend payments on its high-yield perpetual preferred stock.<\/p>\n

The sale came as a shock to the market because Strategy had positioned itself as the definitive corporate proxy for the Bitcoin accumulation trade<\/a>.<\/p>\n

Over the past years, the Michael Saylor<\/a>-led company business model relied heavily on equity issuance, preferred stock, and uninhibited access to capital markets to construct the largest public-company Bitcoin treasury in existence.<\/p>\n

To the broader market, the company was not just a major holder but also a symbol of permanent, price-agnostic demand.<\/p>\n

However, that perception is now under enormous strain as the firm most synonymous with the \u201cnever sell\u201d philosophy liquidated coins to meet a routine cash obligation.<\/p>\n

Jeff Dorman, the CIO of Arca, noted<\/a>:<\/p>\n

“From a sentiment standpoint, how do you think the average Bitcoin investor is going to react when every major news outlet and social media influencer starts writing that \u201cMicroStrategy is now a seller of BTC\u201d? This company has bought over $50 bn of Bitcoin, and currently owns roughly 4% of the total 21 million outstanding.”<\/p><\/blockquote>\n

That pivot armed bears with a clean, simple argument right as Bitcoin slipped below major support.<\/p>\n

Market observers argued that the sale complicates the market\u2019s base-case assumption that Strategy will act as an uninterrupted buyer in all macroeconomic environments.<\/p>\n

In fact, some have postulated that the firm could make more sales in the future in order to actively manage its balance sheet.<\/p>\n

AI\u2019s liquidity pull leaves Bitcoin without its ETF cushion<\/h2>\n

This structural shift in sentiment coincides with the evaporation of Bitcoin\u2019s most reliable safety net: the institutional ETF bid that anchored the earlier stages of the bull run.<\/p>\n

According to SoSoValue data, Bitcoin ETFs<\/a> have bled more than $4 billion over the trailing four weeks. This marks the most aggressive redemption cycle since the spot products debuted, starving the market of the steady inflows required to absorb routine selloffs.<\/p>\n

\"Bitcoin
Bitcoin ETFs Outflows (Source: SoSoValue)<\/figcaption><\/figure>\n

Market analysts attribute this severe capital flight to a generational rotation into artificial intelligence.<\/p>\n

Institutional allocators are actively liquidating crypto positions to free up dry powder for a looming wave of tech mega-IPOs, primarily targeting high-growth ventures like SpaceX<\/a>, Anthropic<\/a>, and OpenAI<\/a>.<\/p>\n

Pierre Rochard<\/a>, CEO of the Bitcoin Bond Company, pointed out<\/a> that this AI boom has added $19 trillion in market capitalization to the top 50 public equities over the past 12 months, roughly 13 times Bitcoin\u2019s total market value.<\/p>\n

He said that capital expenditure cycle is drawing liquidity and attention away from Bitcoin, making the asset\u2019s resilience notable despite the pressure.<\/p>\n

Independent Bitcoin analyst Matthew Case described the move as an \u201cAI IPO liquidity vacuum,\u201d arguing that institutions that rode Bitcoin and crypto exposure higher now have a rare chance to position for major private-market and pre-IPO opportunities tied to SpaceX, Anthropic and OpenAI.<\/a><\/p>\n

This capital rotation aggressively starves Bitcoin of its marginal buyer. During periods of robust ETF inflows, institutional demand acts as a shock absorber, cushioning the blow from macroeconomic friction, geopolitical headlines, and derivatives volatility.<\/p>\n

With that bid suddenly sidelined, the market is dangerously exposed; a standard technical decline can cascade much further before encountering strong spot support.<\/p>\n

$60,000 becomes the market\u2019s next insurance level<\/h2>\n

Consequently, traders have fundamentally repriced their risk models. The market is no longer structured around highly leveraged bets anticipating a swift return to $70,000.<\/p>\n

Instead, capital is aggressively repositioning for the reality that Bitcoin\u2019s next durable line of defense may reside significantly lower.<\/p>\n

Deribit data<\/a> shows traders have built roughly $1.2 billion in open interest around the $60,000 strike, while the $50,000 strike has attracted about half that amount. Cumulatively, $1.8 billion worth of open interest are situated at these strike prices.<\/p>\n

\"Bitcoin
Bitcoin Traders Positioning in the Options Market (Source: Deribit)<\/figcaption><\/figure>\n

The positioning marks a change from the structure that dominated earlier in the rally. When ETF inflows were strong<\/a> and Strategy remained an unquestioned buyer, pullbacks were treated as opportunities to add exposure.<\/p>\n

After the liquidation wave, ETF redemptions and Strategy\u2019s sale, the same pullbacks are being treated as events that need to be insured.<\/p>\n

As a result, traders with material Bitcoin exposure are moving toward puts and collar structures designed to preserve some upside while limiting losses if the drawdown accelerates.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower. Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations […]<\/p>\n","protected":false},"author":720,"featured_media":539291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,77968,77911,79312,15323,79849,6849],"tags":[81073,76769,76718],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000<\/title>\n<meta name=\"description\" content=\"Options positioning around $60,000 and $50,000 shows BTC investors preparing for more downside after $1.8 billion liquidation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000\" \/>\n<meta property=\"og:description\" content=\"Options positioning around $60,000 and $50,000 shows BTC investors preparing for more downside after $1.8 billion liquidation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-03T09:42:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-03T09:43:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/bitcoin-price-fall.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/hardeyjumoh\",\"https:\/\/www.linkedin.com\/in\/oluwapelumi-adejumo\",\"https:\/\/muckrack.com\/oluwapelumi-adejumo\"]},\"headline\":\"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000\",\"datePublished\":\"2026-06-03T09:42:29+00:00\",\"dateModified\":\"2026-06-03T09:43:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\"},\"wordCount\":1142,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"BTC\",\"ETF\"],\"articleSection\":[\"Analysis\",\"Featured\",\"Macro\",\"Market\",\"Price Watch\",\"TradFi\",\"Trading\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\",\"url\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\",\"name\":\"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2026-06-03T09:42:29+00:00\",\"dateModified\":\"2026-06-03T09:43:32+00:00\",\"description\":\"Options positioning around $60,000 and $50,000 shows BTC investors preparing for more downside after $1.8 billion liquidation.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/b333928a322ba4c082e8bb2ad0f14eb6\",\"name\":\"Oluwapelumi Adejumo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-150x150.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"description\":\"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.\",\"jobTitle\":\"Reporter\",\"worksFor\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000","description":"Options positioning around $60,000 and $50,000 shows BTC investors preparing for more downside after $1.8 billion liquidation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000","og_description":"Options positioning around $60,000 and $50,000 shows BTC investors preparing for more downside after $1.8 billion liquidation.","og_url":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/","og_site_name":"CryptoSlate","article_published_time":"2026-06-03T09:42:29+00:00","article_modified_time":"2026-06-03T09:43:32+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/bitcoin-price-fall.jpg","type":"image\/jpeg"}],"author":"Oluwapelumi Adejumo","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Oluwapelumi Adejumo","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person","name":"Oluwapelumi Adejumo","url":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg","caption":"Oluwapelumi Adejumo"},"jobTitle":"Senior Reporter","description":"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/hardeyjumoh","https:\/\/www.linkedin.com\/in\/oluwapelumi-adejumo","https:\/\/muckrack.com\/oluwapelumi-adejumo"]},"headline":"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000","datePublished":"2026-06-03T09:42:29+00:00","dateModified":"2026-06-03T09:43:32+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/"},"wordCount":1142,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["Bitcoin","BTC","ETF"],"articleSection":["Analysis","Featured","Macro","Market","Price Watch","TradFi","Trading"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/","url":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/","name":"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2026-06-03T09:42:29+00:00","dateModified":"2026-06-03T09:43:32+00:00","description":"Options positioning around $60,000 and $50,000 shows BTC investors preparing for more downside after $1.8 billion liquidation.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/bitcoins-plunge-below-70000-has-traders-paying-to-protect-against-a-fall-to-50000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin\u2019s plunge to $65,000 has traders paying to protect against a fall to $50,000"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/b333928a322ba4c082e8bb2ad0f14eb6","name":"Oluwapelumi Adejumo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-150x150.jpg","caption":"Oluwapelumi Adejumo"},"description":"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.","jobTitle":"Reporter","worksFor":"CryptoSlate","url":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/539219"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/720"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=539219"}],"version-history":[{"count":3,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/539219\/revisions"}],"predecessor-version":[{"id":539293,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/539219\/revisions\/539293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/539291"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=539219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=539219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=539219"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=539219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}