Bitcoin Up Contract Holds 80.5% as Mt. Gox Cascade Grips June 6 Close
Bitcoin's June 6 noon-ET direction contract stands at 80.5% for 'Up' as of 11:39 UTC Saturday, up 29pp from the session open, as Mt. Gox cascade volatility deepens.
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The 'Bitcoin Up on June 6' contract is priced at 80.5% as of 11:39 UTC Saturday, up 29 percentage points from its 51.5% session open, as the Mt. Gox liquidation cascade that has pressed BTC dip contracts to elevated conviction keeps each session violent. The visible session range has run from a floor of 34.5% (19:15 UTC Friday) to a peak of 90.5% (08:52 UTC today). Resolution at noon ET (16:00 UTC) is just over 4 hours away.
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