Bitcoin Breaks Below $60K on Quarter Expiry; Institutions Halt Short Bets

BTC-2.48%
According to Adam, a macroeconomic researcher at Greeks.live, Bitcoin broke below $60,000 on the day of quarterly futures expiry. The $60,000 level showed the largest open interest concentration, while positions accumulated at $58,000 and $59,000 as well. Adam noted that institutions and large traders have not continued to bet on further declines, but are waiting for the expiry settlement.
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