coin-img-ETHETH-3.37%coin-img-BTCBTC-2.32%coin-img-SOLSOL-3.07%coin-img-XRPXRP-2.20%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+2.10%coin-img-DOGEDOGE-3.20%coin-img-TRXTRX-0.91%coin-img-ETHETH-3.37%coin-img-BTCBTC-2.32%coin-img-SOLSOL-3.07%coin-img-XRPXRP-2.20%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+2.10%coin-img-DOGEDOGE-3.20%coin-img-TRXTRX-0.91%coin-img-ETHETH-3.37%coin-img-BTCBTC-2.32%coin-img-SOLSOL-3.07%coin-img-XRPXRP-2.20%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+2.10%coin-img-DOGEDOGE-3.20%coin-img-TRXTRX-0.91%coin-img-ETHETH-3.37%coin-img-BTCBTC-2.32%coin-img-SOLSOL-3.07%coin-img-XRPXRP-2.20%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+2.10%coin-img-DOGEDOGE-3.20%coin-img-TRXTRX-0.91%

THE BLOCK: Bitcoin slid to $59,000 Thursday; spot ETFs saw $469 million in outflows as dealers head into Friday's $10.6 billion options expiry short gamma

THE BLOCK: Bitcoin dropped to as low as $59,000 on Thursday. Spot Bitcoin ETFs recorded $469 million in net outflows. Dealers are heading into Friday's $10.6 billion options expiry positioned in negative gamma. Deribit CCO JeanDavid Pequignot said the key friction going into the expiry is the gap between downbeat sentiment and positioning that is starting to rebuild.
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