As Bitcoin breaches $66K its latest bottom signal trapped buyers in a 20% loss

Bitcoin has climbed back from its June 30 low near $58,500, trading at near $66,000 as of press time. Options traders are still paying steep premiums for protection against another leg down, and traders on perpetual futures markets have resumed paying to hold leveraged long positions. Both readings sit in a middle zone, well short […] The post As Bitcoin breaches $66K its latest bottom signal trapped buyers in a 20% loss appeared first on CryptoSlate.