Bitcoin extends fall pressured by ETF outflows and options expiry

Bitcoin ( BTC ) continues to fall this Thursday morning (25), pressured by cryptocurrency options about to expire and outflows in ETFs (index funds) in cash from the United States.

One of the pressures on the crypto sector comes from the derivatives market. Around US$9.5 billion in Bitcoin and Ethereum purchase and sale option will expire on Friday (26) on the Deribit exchange, which should generate some tension.

An option contract gives the investor the right, but not the obligation, to acquire or dispose of an underlying asset (in this case, a cryptocurrency) at a pre-agreed price. A put option indicates some pessimism, while a call option signals the opposite.

The other pressure on the crypto market comes from US spot ETFs . Data from the SoSoValue platform shows that index funds recorded a total daily net outflow of US$120 million on Wednesday (24). Eight of the 11 financial vehicles had zero flow.

“Zero entry days are typical and do not indicate product failure,”

Just another day on Cripto rollercoaster... time to watch the market and take the opportunity....

Total Volume from last 30 days market overview.