Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

Market Analysis
November 11, 2022 by keithhill530
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[ad_1] Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The two-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts. To date, Bitcoin price is down 65% for 2022, but it’s essential to compare its price action