On June 14, Bitcoin (BTC) plummeted below $28,800, its lowest level since January 22. The futures premium did not show any symptoms of backwardation, indicating a pessimistic mood. Traders' long-to-short indication, on the other hand, was still 2.5 percent lower than average. On June 22, the price of Bitcoin fell below $29,000 for the first time. There is no evidence of long-term stress or a potential negative swing produced by derivatives markets.