Cryptocurrency31 Jul 2026SEO 801 min read

Analysis: Bitcoin $60,000 put leads the pack as mood swings bearish for August

Your day-ahead look for July 31, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. As July ends…

Your day-ahead look for July 31, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. As July ends, the options market is reflecting a major shift in positioning. The $60,000 bitcoin BTC $ 63,760.05 put option, a position protecting against a price drop, is now the most popular bet on Deribit, the world’s largest crypto options exchange. As of this writing, that put had a notional open interest of $1.17 billion. Traders buy puts to he…

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