Bitcoin Slides to $65K as ETF Outflows and Options Expiry Pressure Price
Bitcoin's rebound stalled, pushing price back to $65,000. Spot ETF outflows, a major options expiry, and rising oil prices converged to drive the correction. Traders eye key support levels as macro headwinds persist.
Bitcoin price action saw a sharp retreat, sliding back towards the $65,000 mark. The recent rebound, which briefly touched $66,800, failed to hold, signaling renewed selling pressure across the market.
This downward shift is a direct result of a triple confluence of factors. Persistent spot ETF outflows have drained liquidity, while a significant options expiry event added further volatility and selling pressure. Compounding these crypto-specific drivers, rising oil prices are signaling broader macro headwinds, impacting risk assets globally.