• Bitcoin options market structure leans toward $60K retest in February Bitcoin may stay capped under $70,000 as traders deploy bearish options strategies, and spot BTC ETF outflows point to a retest of the yearly low. • Cointelegraph in your social feed Key takeaways: Professional traders are paying a 13% premium for downside protection as Bitcoin struggles to maintain support above $66,000. • Professional traders are paying a 13% premium for downside protection as Bitcoin struggles to maintain support above $66,000. • While stocks and gold remain strong, $910 million in Bitcoin ETF outflows suggest that institutional investor caution is rising. • While stocks and gold remain strong, $910 million in Bitcoin ETF outflows suggest that institutional investor caution is rising. • Bitcoin (BTC) price entered a downward spiral after rejecting near $71,000 on Sunday.
Article Summaries:
- Bitcoin’s price has stalled above $66,000, but options trading shows growing caution. Professional traders are paying a 13 % premium for put options versus calls, indicating a bearish bias that has persisted for four weeks. The most active strategies on Deribit are short diagonal spreads, short straddles and short risk reversals, all favoring downside moves. Meanwhile, Bitcoin ETFs have seen $910 million in outflows since February 11, and stablecoins are trading at a modest discount to the dollar, signalling weak institutional demand. These signals point to a likely $60,000 retest rather than a sharp rebound.
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