Traders Pile up on Bets for Bitcoin to Drop

Dow Jones07-01 23:24

1124 ET - Bitcoin prices may have further downside before they find a bottom, if the predictions of traders going short on the cryptocurrency end up being correct. Traders have been seen adding puts on bitcoin, according to data from Deribit. Near-term, traders appear to believe that bitcoin could lapse to around $54,000. A majority of puts dated for expiration this Friday are at the $54k mark, according to Deribit, while those dated for expiration next Friday are around $56k. Call options take back control closer to the end of the month, according to the data. The average realized price for bitcoin sits around $53,000 as of now, says analysts with Bitfinex in a note. "Historically, this is the line past which an extended trade marks full capitulation," says the firm. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 11:24 ET (15:24 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2648254476?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-01 23:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648254476","market":"other","top_or_hot":-1,"title":"Traders Pile up on Bets for Bitcoin to Drop","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1124 ET - Bitcoin prices may have further downside before they find a bottom, if the predictions of traders going short on the cryptocurrency end up being correct. Traders have been seen adding puts on bitcoin, according to data from Deribit. Near-term, traders appear to believe that bitcoin could lapse to around $54,000. A majority of puts dated for expiration this Friday are at the $54k mark, according to Deribit, while those dated for expiration next Friday are around $56k. Call options take back control closer to the end of the month, according to the data. The average realized price for bitcoin sits around $53,000 as of now, says analysts with Bitfinex in a note. \"Historically, this is the line past which an extended trade marks full capitulation,\" says the firm. (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 11:24 ET (15:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Traders Pile up on Bets for Bitcoin to Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTraders Pile up on Bets for Bitcoin to Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-01 23:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1124 ET - Bitcoin prices may have further downside before they find a bottom, if the predictions of traders going short on the cryptocurrency end up being correct. Traders have been seen adding puts on bitcoin, according to data from Deribit. Near-term, traders appear to believe that bitcoin could lapse to around $54,000. A majority of puts dated for expiration this Friday are at the $54k mark, according to Deribit, while those dated for expiration next Friday are around $56k. Call options take back control closer to the end of the month, according to the data. The average realized price for bitcoin sits around $53,000 as of now, says analysts with Bitfinex in a note. \"Historically, this is the line past which an extended trade marks full capitulation,\" says the firm. (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 11:24 ET (15:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBTO","symbol_name":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648254476","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648254476","pubTimestamp":1782919440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1124 ET - Bitcoin prices may have further downside before they find a bottom, if the predictions of traders going short on the cryptocurrency end up being correct. Traders have been seen adding puts on bitcoin, according to data from Deribit. Near-term, traders appear to believe that bitcoin could lapse to around $54,000. A majority of puts dated for expiration this Friday are at the $54k mark, according to Deribit, while those dated for expiration next Friday are around $56k. Call options take back control closer to the end of the month, according to the data. The average realized price for bitcoin sits around $53,000 as of now, says analysts with Bitfinex in a note. \"Historically, this is the line past which an extended trade marks full capitulation,\" says the firm.  Dow Jones NewswiresJuly 01, 2026 11:24 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","BPI":"Grayscale Bitcoin Premium Income ETF","BCCC":"Global X Bitcoin Covered Call ETF","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","DEFI":"比特币期货ETF-Hashdex","BTCO":"比特币ETF-Invesco Galaxy","BITU":"2倍做多比特币期货ETF-Proshares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","SBIT":"2倍做空比特币期货ETF-Proshares","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","IBIT":"比特币ETF-iShares","BTRN":"比特币期货ETF-Global X","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","YBTC":"比特币看涨期权ETF-Roundhill","MNRS":"GRAYSCALE BITCOIN MINERS ETF","FBTC":"比特币ETF-Fidelity","BITX":"2倍比特币期货ETF-Volatility Shares","ARKB":"比特币ETF-21Shares","BETE":"等权重比特币&以太币期货ETF-ProShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","BTCW":"比特币ETF-Wisdom Tree","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BITB":"比特币ETF-Bitwise","BETH":"比特币&以太币期货ETF-ProShares","MAXI":"比特币期货ETF-Simplify","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","EZBC":"比特币ETF-Franklin","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BTC":"Grayscale Bitcoin Mini Trust","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","HODL":"比特币ETF-VanEck","BITI":"1倍做空比特币期货ETF-Proshares","BTCC":"Grayscale Bitcoin Covered Call ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BTF":"比特币&以太币期货ETF-CoinShares","BTCI":"NEOS Bitcoin High Income ETF","BITO":"比特币期货ETF-ProShares","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","GBTC":"比特币ETF-Grayscale","BTFX":"比特币期货ETF-CoinShares","BRRR":"比特币ETF-CoinShares"},"translate_title":"交易员纷纷押注比特币下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EZBC":0.6,"YBTC":0.6,"CBTA":0.6,"BFJL":0.6,"BTCW":0.6,"BITB":0.6,"CBTO":0.6,"CBTY":0.6,"BTCO":0.6,"MNRS":0.6,"XBTY":0.6,"BPI":0.6,"CBXJ":0.6,"HODL":0.6,"BTC":0.6,"BTCI":0.6,"BTCC":0.6,"BCCC":0.6,"FBTC":0.6,"BITO":0.6,"BRRR":0.6,"CBTJ":0.6,"CBOJ":0.6,"BTCL":0.6,"IBIT":0.6,"ARKB":0.6,"BFAP":0.6,"DFII":0.6,"BITY":0.6,"MAXI":0.6,"BTRN":0.6,"BITX":0.6,"BTCZ":0.6,"BTF":0.6,"BITU":0.6,"GBTC":0.6,"BETH":0.6,"CBOO":0.6,"CBXA":0.6,"CBXY":0.6,"DEFI":0.6,"BAGY":0.6,"BTFX":0.6,"CBOY":0.6,"QBF":0.6,"CBXO":0.6,"CBOA":0.6,"BITI":0.6,"SBIT":0.6,"BETE":0.6},"content_text":"1124 ET - Bitcoin prices may have further downside before they find a bottom, if the predictions of traders going short on the cryptocurrency end up being correct. Traders have been seen adding puts on bitcoin, according to data from Deribit. Near-term, traders appear to believe that bitcoin could lapse to around $54,000. A majority of puts dated for expiration this Friday are at the $54k mark, according to Deribit, while those dated for expiration next Friday are around $56k. Call options take back control closer to the end of the month, according to the data. The average realized price for bitcoin sits around $53,000 as of now, says analysts with Bitfinex in a note. \"Historically, this is the line past which an extended trade marks full capitulation,\" says the firm. (kirk.maltais@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2026 11:24 ET (15:24 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648254476","isCrawlerRequest":true}