The selloff has triggered demand for protective options plays, pushing the fear gauge higher.

Bitcoin fell below $71,000 for the first time since April 13 as ETF outflows, whale distribution, and macro uncertainty pressure the crypto market.

Bitcoin continues June with a dip below $70,000, its first since mid-April, as crypto markets spark $800 million in liquidations over 24 hours.

Bitcoin crashes below $63,000 amid market volatility. Bitcoin reaching $71K by June 3 at 0.1% YES.