Bitcoin's price dipped to $57,700, its lowest since September 2024, before recovering to $58,800, with $395 million in liquidations recorded and bears remaining the more aggressive side despite open interest climbing to 768,000 BTC:
- Puts are trading at a premium to calls across all timeframes on Deribit, with a notable block trade targeting a $50,000 BTC put at the September expiry suggesting some traders expect a further 15% decline by end of Q3:
- Jupiter (JUP) rose 11.5% on a 55% surge in trading volume and stellar (XLM) extended its weekly rally to 16%:
Bitcoin BTC$58,580.68 rose 0.3% to $58,700:
U.S. equity index futures are lower, with S&P 500 futures and Nasdaq 100 futures in the red by 0.2%-0.4%:
The altcoin market has been the hardest hit as it lacks the liquidity:
