Bitcoin $60K June Dip Contract Surges to 70.5% on Mt. Gox Cascade
Bitcoin $60K June dip contract stands at 70.5% as of 09:32 UTC Thursday, up 37 points from its 24-hour session open.
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The market pricing a Bitcoin touch of $60,000 before July stands at 70.5% — its last recorded print at 09:32 UTC Thursday — up 37 points from a 33.5¢ session open 24 hours ago. The repricing tracks the Mt. Gox liquidation cascade that drove Bitcoin to a June low of $65,372 on June 3, with $1.86 billion in crypto positions wiped out across a single session.
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