Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

live Updated just now Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks. By Omkar Godbole , Sam Reynolds , and Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 2:27 AM Omkar Godbole Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Traders are piling into $50,000 bitcoin puts as the selloff worsens Bitcoin option volume (Deribit) Panic has crept back into the crypto market, as bitcoin continues its decline to $62,000, spurring demand for options bets that protect against potential price losses below $50,000. In the past 24 hours, the $50,000 strike put expiring on June 26 is the most traded bet on Deribit, the world's largest crypto options exchange by volume. A put option offers insurance against price losses in the underlying asset. This shows that even as bitcoin hovers well above the strike, suggesting traders are either positioning for a significant correction or securing cheap insurance against tail-risk events in the coming weeks. The rest of the leaderboard reinforced a distinctly bearish tilt. Two other puts at strikes of $65,000 and $55,000 also saw notable volume. The only call to crack the top five was the $80,000. The overwhelming presence of put volume across multiple lower strikes indicates that a notable portion of options flow is betting on, or hedging against, bitcoin failing to sustain its current levels. Latest Crypto News 1 Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out 14 minutes ago 2 Bitcoin tanks below $63,000 for the first time since February as price selloff deepens 56 minutes ago 3 SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus 3 hours ago 4 Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks 4 hours ago 5 Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800 5 hours ago 6 New DeFi entrant widens field of crypto political campaign funds as elections loom 7 hours ago 7 Bitcoin isn't crashing because of Saylor, it's losing the momentum trade 7 hours ago 8 Crypto Long & Short: What about the American consumer? 10 hours ago 9 Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer 11 hours ago 10 Rare physical bitcoin worth $1.78 million gets cashed in after 12 years 11 hours ago Latest Research The Pre-IPO Perpetuals Category Takes Shape The Pre-IPO Perpetuals Category Takes Shape Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. By CoinDesk Research May 29, 2026 Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. Why it matters : Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. View Full Report More From Policy Apparent Zcash outage was a block explorer problem, infrastructure provider says Trezor says your crypto is safe after Ledger audit exposes a hardware flaw Bitcoin’s compute power dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder