$10 billion in Bitcoin options set to expire on Friday

Bitcoin is officially entering a prolonged bear market, and the $10 billion options expiry this Friday is the final nail in the coffin. Despite the hype, U.S. Bitcoin funds have bled nearly $3 billion this month alone. With the price sitting well below its 200-week moving average and most bullish bets now completely worthless, the institutional demand narrative has collapsed. We aren't just seeing a dip; we're seeing a fundamental shift. Is the Bitcoin bull run officially dead?
This summary was generated by AI