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Here's what could happen if bitcoin breaks below $60,000
A confluence of factors makes $60,000 as key level to watch out in the near term, Deribit explained.
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coindesk.com
Bitcoin price analysis: BTC could have further room to fall, based on derivatives positioning
Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.
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Prediction market traders bet bitcoin's selloff has further to run
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
