Bitcoin Falls to Two-Week Low Amid Rising Hedging

Bitcoin dropped to its lowest level in over two weeks as investors turned defensive.

The decline followed the expiration of $14 billion in options contracts.

Market data showed increased demand for put options, signaling bearish expectations.

The put-to-call ratio reached 1.3, indicating rising pessimism.

Bitcoin fell by up to 4% to around $66,000.

The drop comes amid concerns over prolonged Middle East tensions.

Analysts suggest markets are entering a cautious phase.