Bitcoin Tests $59K as ETFs Shed $692M, Options Expiry Looms

60-second summary

Bitcoin is testing the $59,000 mark as $691 million in assets flee spot exchange-traded funds, the largest outflow since May, ahead of Friday's massive $10.6 billion options expiry. This significant sell-off is putting downward pressure on the cryptocurrency, with investors closely watching the market's reaction to the impending options expiry. Market sentiment remains cautious.