Everyone braced for the $6.4B options expiry. Bitcoin just shrugged it off.
81,700 BTC options ($6.44B notional) settled on Deribit today with max pain pinned near $68K. Instead of getting dragged down, BTC held the $78K–$81K zone through settlement — still up over 20% on the month. (Deribit / Cointribune)
But the expiry isn't the real story. Spot Bitcoin ETFs just logged an 8th straight day of inflows, over $2.8B in August, while perp funding stayed calm. That's structural spot demand, not a leverage squeeze — a very different kind of bid.
A rally that ignores max pain and runs on real ETF buying behaves differently than a short squeeze. $BTC leads, $ETH rides the same flow — up ~30% on the month.
Spot-driven grind higher, or is Greed at 70 the local top? What's your read?
#Bitcoin #ETFFlows #CryptoNews #Write2Earn
Not financial advice. DYOR.
81,700 BTC options ($6.44B notional) settled on Deribit today with max pain pinned near $68K. Instead of getting dragged down, BTC held the $78K–$81K zone through settlement — still up over 20% on the month. (Deribit / Cointribune)
But the expiry isn't the real story. Spot Bitcoin ETFs just logged an 8th straight day of inflows, over $2.8B in August, while perp funding stayed calm. That's structural spot demand, not a leverage squeeze — a very different kind of bid.
A rally that ignores max pain and runs on real ETF buying behaves differently than a short squeeze. $BTC leads, $ETH rides the same flow — up ~30% on the month.
Spot-driven grind higher, or is Greed at 70 the local top? What's your read?
#Bitcoin #ETFFlows #CryptoNews #Write2Earn
Not financial advice. DYOR.
