Trading volume records in bitcoin’s options market were smashed on Monday as investors scrambled to hedge their positions amid the selloff.
The price of bitcoin dropped sharply over the past 24 hours as a confluence of events has led to traders hitting the sell button.
Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.
Bitcoin has quickly plunged to two-month lows, with some analysts suggesting an over-$100 million liquidation by PlusToken scammers as the cause.
As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge