Crypto markets experienced a massive liquidation event last Friday. Investors are now preparing for further price drops in Bitcoin and Ether. Options trading shows a clear demand for protection against potential declines. This follows a significant plunge triggered by geopolitical news. Despite the recent turmoil, some analysts believe the market has reset leverage. Bitcoin faces resistance to reach new highs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets