00:00It's Benzinga, bringing Wall Street to Main Street!
00:02Bitcoin recovered above $60,000 after falling below that level for the first time since October 2024
00:08on Friday. According to CNBC, the cryptocurrency has lost about 27% of its value in 2026 and sits
00:16roughly 50% below its all-time high. Options traders remained active, with the iShares Bitcoin
00:22Trust ETF among the top 20 most popular tickers by volume and large trades appearing in Strategy
00:28In Strategy, one trader sold 29,425 call diagonal spreads, collecting about $56 million, a position
00:38that profits if shares stay below $125 through August expiration. In Coinbase, a trader took
00:45a bullish stance, spending about $26 million on August 21 expiration 160 calls while selling
00:51June calls for $4.9 million. Those August calls become profitable if the stock rises above 180
00:58$83.40 per share, about 13% above Monday's price. BitMine chairman Tom Lee said Bitcoin remains
01:06resilient despite recent selling pressure. For all things money, visit Benzinga.com.
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