If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k

- Bitcoin is hovering near $62,900, which is less than 1% above the July 31 low. Deribit just settled $9.6 billion in options, so the market is tired. If BTC breaks $62,000 this weekend, a $1.17 billion put wall at $60,000 wakes up. That’s not support; that’s a trap for meat wallets who think dips are free money. CoinGlass shows liquidity thinning across Binance, Coinbase, and OKX. If bids vanish faster than asks, sellers win. If asks disappear, we might squeeze to $65,300. But let’s be real: most of you are just waiting for the CME derivatives to open Monday. Until then, watch the depth. If $62k breaks, expect a trip to $60k. Don’t say I didn’t warn you.