Bitcoin’s trapped under $74K while $9B options expiry looms: Are bears back in control?
Bitcoin trades below $74,000 ahead of Friday's $9 billion options expiry, with bears controlling the narrative. Heavy spot ETF outflows and corporate selling, including Sequans Communications liquidating holdings, fuel pessimism. Put options outnumber calls by $265 million even if BTC reclaims $74,000. Market sentiment remains bearish with only 18% probability of Bitcoin reaching $80,000 by June 26.
Key takeaways
- 1Bitcoin trades below $74,000 with $9 billion options expiry Friday; bears control narrative with $265 million put advantage.
- 2Spot Bitcoin ETF outflows reached $1.07 billion in two days; Sequans Communications liquidating holdings fuels pessimism.
- 3Bitcoin has only 18% probability of reaching $80,000 by June 26 according to options pricing.
Coins in this story
Why it matters
Large options expirations and institutional selling pressure directly impact Bitcoin's short-term price direction, affecting retail investor entry/exit points. Sustained bearish momentum amid ETF outflows and corporate liquidation signals weakening institutional confidence, which can trigger further retail losses if downtrend accelerates toward $70,000 support levels.
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
OKX Ventures buys $53 million stake in Korea's Coinone exchange
OKX Ventures and Korea Investment & Securities each invest KRW 80 billion ($53 million) for 19.6% stakes in South Korean exchange Coinone, pending regulatory approval. The combined $106 million deal marks a major global crypto firm investment into Korea's digital asset sector. Coinone CEO Cha Myunghun retains largest shareholder status at 27.8% and management control.
XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture
XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year....
Bitcoin, ether little-changed despite record stocks, falling oil and easing war fears
Global stocks hit records and oil cracked on a tentative US-Iran ceasefire extension. Crypto stayed on the sidelines, with some analysts saying the next catalyst is regulatory, not geopolitical....