Crypto News, June 26: Bitcoin Price Retested $58K, Ethereum Touched Double Bottom, MSTR Crashes, $3Billion Outflow – Time to Stack Sats?
$BTC
Today might be a bad weekend, as it arrived with one of the largest options expiries of the year. Bitcoin price retested lower levels overnight, Ethereum touched low $1,500, and MSTR came under heavy pressure. Today’s moves center on positioning ahead of major derivatives settlement.
So why did Bitcoin slip? Last night’s selling pressure coincided with the approach of one of the biggest options expiries. It is expected, and it happened that large players were adjusting positions or selling into the rumor, triggering the move lower before the actual event. It just feels worse because the current conditions show thin liquidity, which exaggerates price swings.
$BTC
Today might be a bad weekend, as it arrived with one of the largest options expiries of the year. Bitcoin price retested lower levels overnight, Ethereum touched low $1,500, and MSTR came under heavy pressure. Today’s moves center on positioning ahead of major derivatives settlement.
So why did Bitcoin slip? Last night’s selling pressure coincided with the approach of one of the biggest options expiries. It is expected, and it happened that large players were adjusting positions or selling into the rumor, triggering the move lower before the actual event. It just feels worse because the current conditions show thin liquidity, which exaggerates price swings.