Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross

60-second summary

Traders are loading up on $50,000 puts in Bitcoin options, indicating a bearish sentiment as they bet on further price declines. Meanwhile, gold futures flash a death cross, a bearish signal, with record open interest, suggesting traders are bracing for a sustained downturn in both Bitcoin and the broader market, fueling concerns of a deeper correction.