coin-img-ETHETH-4.47%coin-img-BTCBTC-3.51%coin-img-SOLSOL-4.96%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE-0.29%coin-img-DOGEDOGE-4.13%coin-img-TRXTRX-1.28%coin-img-ETHETH-4.47%coin-img-BTCBTC-3.51%coin-img-SOLSOL-4.96%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE-0.29%coin-img-DOGEDOGE-4.13%coin-img-TRXTRX-1.28%coin-img-ETHETH-4.47%coin-img-BTCBTC-3.51%coin-img-SOLSOL-4.96%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE-0.29%coin-img-DOGEDOGE-4.13%coin-img-TRXTRX-1.28%coin-img-ETHETH-4.47%coin-img-BTCBTC-3.51%coin-img-SOLSOL-4.96%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE-0.29%coin-img-DOGEDOGE-4.13%coin-img-TRXTRX-1.28%

THE BLOCK: Bitcoin slid to $59,000 as spot ETFs saw $469 million in outflows; dealers set up in negative gamma ahead of Friday's $10.6 billion options expiry

THE BLOCK: Bitcoin dropped to as low as $59,000 on Wednesday as spot Bitcoin ETFs recorded $469 million in net outflows. Options dealers are heading into Friday's $10.6 billion expiry positioned in negative gamma. Deribit CCO JeanDavid Pequignot said the key dynamic into the expiry is a gap between weak sentiment and positioning that is starting to rebuild.
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