Bitcoin rockets over 15% to get above $70,000 but options markets are now pricing in a scary new floor

Bitcoin ripped from $60,000 to above $70,000 in less than 24 hours, erasing most of a brutal 14% drawdown that had tested every bottom-calling thesis in the market. The speed of the reversal, 12% i...

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Bitcoin rockets over 15% to get above $70,000 but options markets are now pricing in a scary new floor

Source: CryptoSlate

Bitcoin ripped from $60,000 to above $70,000 in less than 24 hours, erasing most of a brutal 14% drawdown that had tested every bottom-calling thesis in the market. The speed of the reversal, 12% in a single session and 17% off the intraday low, was violent enough to feel like a capitulation resolved. Yet, the […]