Bitcoin slides to $62,000 as traders load up on June 26 $50,000 puts

Bitcoin fell to $62,000, triggering a defensive shift in derivatives as traders sought downside protection. Over the past 24 hours, the June 26 $50,000 strike put became Deribit's most-traded contract, with additional activity in $65,000 and $55,000 puts and the $80,000 call as the lone top-five bullish bet.