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Pro traders adopt a hands-off approach as Bitcoin price explores new lows -Breaking

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While the Bitcoin price reaches new lows and pro traders remain resolute,

Bitcoin’s (BTCThis price has fallen 20% in four days, putting it at the lowest point for nine months. Although these fluctuations may seem remarkable, they were also a warning sign that large commodity and company stocks would be affected. The price of nickel futures dropped 8% in May 9th, while the correction was 15.5%.

Multiple companies listed on U.S. Stock Exchanges with higher market capitalization and $10 billion in assets are other casualties. Bill.com (BILL:) fell 30% while Cloudflare, (NYSE:), saw a price correction of 25.4%. Dish Network (NASDAQ) suffered a 25% drop, while Cloudflare (NYSE:) saw a 25.1% price correction. Ubiquiti (UI)’s (UI), also experienced a 20% decline.

3-month futures premium. Source: laevitas.ch
Deribit Bitcoin 30-day options 25% delta skew. Source: laevitas.ch
OKEx USDT/BTC margin lending ratio. Source: OKEx