Bitcoin glisse vers 58 000 $ alors que les sorties d'ETF et l'expiration des options ajoutent de la pression

Bitcoin’s latest pullback was not driven by a single headline. Instead, traders were hit by a cluster of pressure points at the same time: weakness in global technology stocks, another heavy day of spot Bitcoin ETF redemptions, a sharp leverage flush, and a large monthly options expiry that kept the market focused on downside strike levels. TL;DR Bitcoin fell toward the $58,000 area as risk appetite weakened across crypto and technology stocks. U.S. spot Bitcoin ETFs saw roughly $691.7 million to $696 million in net outflows on June 25, extending a six-day redemption streak. A large Deribit monthly options expiry, valued around $10 billion, added another layer of uncertainty for traders. Liquidations across the crypto market topped $1 billion over a 24-hour window as leverage was forced out of the system. ETF Outflows Add To The Pressure The institutional flow picture turned sharply negative before the move. Spot Bitcoin ETFs in the United States recorded net redemptions of roughly $691.7 million to $696 million on June 25, according to the validated figures in the writing pack. Fidelity’s FBTC and BlackRock’s IBIT were among the largest contributors to the daily outflow, with FBTC cited at about $274.5 million and IBIT at about $265.7 million. That matters because spot ETFs have become one of the clearest gauges of institutional demand for Bitcoin. One weak day does not define a full trend, but a six-day redemption streak changes the market’s tone. When price is already under pressure and ETF flows continue to move out, traders tend to question whether dip-buying demand is deep enough to absorb forced selling and hedging activity. Derivatives Traders Focus On The $55,000 To $60,000 Zone The timing of the decline was also awkward for derivatives traders. Bitcoin moved into the $58,000 region around the same time as a major monthly options expiry on Deribit, with notional value cited at roughly $10 billion. Options expiries do not mechanically determine price direction, but they can concentrate hedging flows around key strike levels and make already-volatile markets more difficult to read. The validated source pack also pointed to stronger put skew around the $55,000 to $60,000 area. In plain English, traders were paying more attention to downside protection as Bitcoin tested lower levels. That does not guarantee a deeper drop, but it shows where anxiety had built up across the options market. Leverage Gets Washed Out Liquidation data added to the bearish picture. Across the broader crypto market, more than $1 billion in leveraged positions were reportedly liquidated within a 24-hour window. Forced liquidations can accelerate intraday moves because losing positions are closed automatically, often into already-thin liquidity. The broader backdrop was not helping either. Crypto’s sell-off came alongside pressure in global technology shares, including weakness in Nasdaq futures and heavy selling in parts of Asia’s equity market. That link matters bec