Market Anticipates Potential Black Swan Event as BTC Drops Below Key Level

[email protected] posted on X that the market is once again betting on a potential black swan event next week. Bitcoin (BTC) has significantly fallen below the 70k threshold, reaching approximately $67. Current options data indicate a dramatic shift. The weekend's period of extremely low volatility has ended, and the market has entered a phase dominated by panic selling through active purchasing of put options. The skew for next week is deep red. It is advised not to blindly buy the dip as the market braces for a possible black swan event.