BTC's dominance declined due to news about Mt. Gox. Short-term options show renewed interest in put options. Some experts believe that concerns surrounding Mt. Gox may be exaggerated.

BTC fell 5%, reaching a low of less than $59,000. This comes on the heels of news that the former cryptocurrency exchange plans to pay out 140,000 BTC to hack victims in July.

Demand for short-term BTC put options on the Deribit exchange has increased due to concerns about selling. However, some observers believe the real selling pressure comes from Mt. Gox may be more reserved.