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Bitcoin Drops, Altcoins Plunge; XDC, Humanity Protocol Buck Trend
Description
Bitcoin hovers below $80k as PPI surge triggers crypto sell-off, wiping out $400m in leveraged longs. Derivatives markets show stress, with Ethers open interest hitting a record but negative volume delta indicating sellers dominance. Altcoin season index drops, memecoins plummet, but a few tokens like XDC and Humanity Protocol gain. Options traders hedge downside, with the $75k bitcoin put leading activity. Volatility low, but selling pressure in alts could push prices lower if it persists.
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