Bitcoin Holds $60K as $10.6B Options Expiry Nears
Spot ETFs shed $469M in a single session while 80% of quarterly open interest sits out of the money, leaving the market pinned below the gamma flip at $68K–$70K.
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Spot ETFs shed $469M in a single session while 80% of quarterly open interest sits out of the money, leaving the market pinned below the gamma flip at $68K–$70K.
Outflows accelerated while trading volume sat a fraction of February's panic levels — a steady exodus rather than shock-driven capitulation, with SpaceX and Anthropic IPOs set to pull more liquidity…
The 32-coin sale is a rounding error on MSTR's balance sheet, but the precedent is the story — and ETF outflows plus a stalled risk-asset bid leave no obvious near-term bid for BTC.