I was surprised by the number of puts that were below $60,000.
This clearly means the time we broke earlier, below $60,000, is already alarming, causing many bears to expect to dump more.
Earlier, I was really confident $60,000 is the real deal here as we all know, $60,000 level became significant support and resistance for Bitcoin since before.
Nevertheless, the $52K bottom according to puts analysis still lies on probabilities as a matter of fact that it still on Speculation.
So I will advise you don't get so emotional with the overwhelming news whether it is coming from the investors or institutions investing substantial of capitals in the market.
Don't forget that their medium-term plans might not be in correspondence as their initial plans due to the controversies of capitalizing a selloff at given short terms time while the future cash flow in the market is uncertainty.
I am sure the news would have influence to create FUD because it is coming from the upper layers of the Bitcoin market investors but don't be surprised that the price would still be sustainable for a support level of $60K over the time expected the $52K DIP to take place.