Fear and greed surrounding Bitcoin have turned into extreme fear as $BTC drops to $66,000. The key level to watch is $60,000. At this level, there are 196,000 put contracts outstanding, representing $13 billion in notional value. A break below $60,000 risks triggering a cascading decline.

$BTC

BTC
BTCUSDT
64,157.2
-1.60%

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