‘Waiting for buyers’: Bitcoin holds fragile $60K floor ahead of $10.6B quarterly expiry
The Block·
60-second summary
Bitcoin holds a fragile $60K floor ahead of a $10.6 billion quarterly expiry on June 26, with prices falling to the low $60,000s. $469 million in ETF outflows and negative gamma weigh on sentiment, leaving investors waiting for buyers to step in. Market volatility is expected to increase as the expiry approaches, potentially affecting Bitcoin's price stability.
Bitcoin fell to the low $60,000s ahead of a $10.6B June 26 quarterly expiry as $469M in ETF outflows and negative gamma weigh on sentiment.