The derivatives market is loading a spring at Bitcoin’s $60,000 handle. Jean-David Péquignot, Chief Commercial Officer at Deribit, flagged the level as the most consequential price zone for the options market right now. According to the original report, notional open interest in Bitcoin put options at the $60,000 strike exceeds $1.2 billion on Deribit alone. That concentration makes a break below it far more than a technical support failure.