Cryptocurrency30 Jun 2026SEO 801 min read

Analysis: Bitcoin nears 2024 lows as options traders pay up for downside protection

Bitcoin and ether slid toward key support price levels. DeFi tokens were hit hardest, even as XLM and LIT bucked the broader market weakness. Bitcoin and ether…

Bitcoin and ether slid toward key support price levels. DeFi tokens were hit hardest, even as XLM and LIT bucked the broader market weakness. Bitcoin and ether tested critical multiyear support levels, with ether at a price it has bounced from twice before and bitcoin near its lowest since late 2024. Open interest in dogecoin jumped to the highest since the October crash, but on negative funding and aggressive selling. BTC puts continued trading at a double-digit premium to calls, signaling dem…

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