Bitcoin traders buy puts for $52k price target on Deribit

Bitcoin traders buy short- and near-dated put options on Deribit for a $52,000 price target. The puts expire June 22 to July 31, with heavy volume in out-of-the-money contracts. A hawkish Fed, stronger dollar, and Strategy's STRC stock drop below $100 drive bearish sentiment. Each Deribit put contract covers one BTC.