According to WuTalk and GreekLive, Bitcoin has dropped below the $70,000 mark. The $60,000 range ahead is the sideways trading zone before the Trump rally began, with strong support. If there’s a rapid dip in the short term, it might be worth considering buying the dip. Options data shows that institutions and whales have urgent hedging needs, with BTC’s current cycle options implied volatility reaching 100%, doubling since the start of the year. Leading monthly options IV has broken through 50%, rising 15% in two weeks, while Skew has hit a two-year low. Although the options market is currently dominated by bearish sentiment, deep out-of-the-money dip-buying orders have started to appear. Analysts believe the market is in an overly panicked state, and conditions for continued rapid declines are insufficient. http://(wublock123.com)/article/6/56260