Bitcoin Options Show Fear Despite Low ETF Outflows
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Bitcoin ETF outflows are too small to signal a bearish pivot from traders, but worsening US macroeconomic conditions and high oil prices keep BTC traders on the hedge.
Bitcoin traders are turning cautious as high oil prices and Middle East tensions fuel inflation and stall US interest rate cuts.
The $254 million in spot Bitcoin ETF outflows is too small to confirm a bearish flip, yet options markets show heavy hedging.
Bitcoin price stagnated near $70,000 during the Friday trading session after failing to reclaim the $75,000 level on Tuesday. The decline marked two days of net outflows from US-listed Bitcoin spot exchange-traded funds (ETFs), reversing the trend from the prior seven days. Traders are now wondering if institutional investors are turning bearish, especially as the US stock market showed signs of weakness.
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