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🚨 $BTC IS SITTING ON A $1.2 BILLION TRAPDOOR According to Deribit CCO Jean-David Péquignot, $60,000 is now the most important level in the market Why? More than $1.2B of put option open interest is concentrated at that strike If $BTC breaks below it, things could get ugly fast Market makers holding short gamma exposure would be forced to sell spot or futures as price falls creating additional downside pressure And with leverage still elevated across crypto that selling could trigger a cascade of long liquidations