Bitcoin fell to $59,100 as spot ETFs saw their biggest daily outflow since May, with $692 million exiting. A $10.6 billion options expiry on Deribit adds pressure, and over $1.1 billion in leveraged positions were liquidated.
Bitcoin is at 21-month lows, ETFs are bleeding cash, leveraged traders are getting liquidated, and a massive options expiry is approaching. This is clearly negative for the crypto market in the short term.
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