Bitcoin option traders are betting that the price could fall to $52,000 within weeks, CoinDesk reported, citing Deribit data. According to the data, a significant buying trend was observed in put options expiring between June 22 and July 31 over the past 48 hours. The media explained, "This bearish outlook appears to be driven by a strong dollar following hawkish Federal Reserve (Fed) remarks, continuous outflows from BTC spot ETFs, and concerns related to MicroStrategy (MSTR). In particular, MicroStrategy's preferred stock STRC trading significantly below par has disrupted MicroStrategy's BTC acquisition structure."
