#BTC $NVDAB đBitcoin (BTC) slips back around $84,000 this Saturday morning, three days after breaking above $85,000. On Friday, $15.6 billion in options expired on Deribit at the quarterly settlement, and market makersâ hedging sales wiped out the weekâs rebound.
Key points from this article:
Deribitâs quarterly expiry pushed BTC back down to $84,000 under pressure from hedges.
On the listed-fund side, seven straight sessions of inflows put the 2026 balance back in the green.
Washington is considering new strikes against Iran after November, adding yet another risk for speculative assets.
Options expiry ended the rebound
An options contract gives the right (not the obligation) to buy or sell an asset at a predetermined price. When tens of thousands of these contracts expire on the same day, the market makers who had hedged them must adjust their positions in bulk. This results in mechanical selling, unrelated to any assessment of bitcoinâs value. On Friday, it erased within a few hours the breakout above $85,000.
Technically, nothing is broken. The 50-day moving average remains above the 200-day average, a setup that several analysts read as bullish in the longer term. They place $85,300 as the resistance to reclaim. Below that level, some are warning of cascading liquidations rather than a simple pullback.
US Bitcoin ETFs come back above water
Spot Bitcoin ETFs listed in the United States strung together six consecutive days of net inflows from September 17 to September 24, returning to positive territory for all of 2026 after falling to $5.8 billion in outflows on July 13. Nearly $4 billion has returned since Treasury Secretary Scott Bessentâs announcement in August. On Thursday, BlackRockâs IBIT alone pulled in 162.6 million
Key points from this article:
Deribitâs quarterly expiry pushed BTC back down to $84,000 under pressure from hedges.
On the listed-fund side, seven straight sessions of inflows put the 2026 balance back in the green.
Washington is considering new strikes against Iran after November, adding yet another risk for speculative assets.
Options expiry ended the rebound
An options contract gives the right (not the obligation) to buy or sell an asset at a predetermined price. When tens of thousands of these contracts expire on the same day, the market makers who had hedged them must adjust their positions in bulk. This results in mechanical selling, unrelated to any assessment of bitcoinâs value. On Friday, it erased within a few hours the breakout above $85,000.
Technically, nothing is broken. The 50-day moving average remains above the 200-day average, a setup that several analysts read as bullish in the longer term. They place $85,300 as the resistance to reclaim. Below that level, some are warning of cascading liquidations rather than a simple pullback.
US Bitcoin ETFs come back above water
Spot Bitcoin ETFs listed in the United States strung together six consecutive days of net inflows from September 17 to September 24, returning to positive territory for all of 2026 after falling to $5.8 billion in outflows on July 13. Nearly $4 billion has returned since Treasury Secretary Scott Bessentâs announcement in August. On Thursday, BlackRockâs IBIT alone pulled in 162.6 million
