Bitcoin ETFs Bleed $469M as Miner Predicts $42K-$44K Bear Market Bottom
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Bitcoin spot ETFs saw $469.08M of outflows on June 24 while Ethereum ETFs lost $30.24M and XRP ETFs recorded $2.05M inflows, with Solana and BNB ETFs flat. A sizable 162,000 BTC options expiry worth $10.16B is set to expire this Friday (max pain $72,000, put/call 0.81), and strategy mNAV hit 0.72 as BTC.top miner Jiang Zhuoer predicts a $42K–$44K bear-market bottom by late 2026, signaling elevated volatility and downside risk for crypto markets.
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- BTC spot ETFs bled $469M on June 24 in outflows, while ETH also shed $30M.
- BTC.top founder Jiang Zhuoer sees Bitcoin bottoming at $42K–$44K by late 2026.
- Strategy mNAV hit 0.72, approaching the 0.7 low seen in the May 2022 bear cycle.
Bitcoin spot ETFs recorded a significant outflow of $469.08 million on 24 June, marking one of the sharpest single-day exits of recent weeks. Ethereum ETFs shed an additional $30.24 million on the same day, while XRP ETFs bucked the trend with modest inflows of $2.05 million. Solana and BNB ETFs saw no movement.
$10 Billion in Options Expiring This Friday
Adding to the pressure, a massive 162,000 BTC options contracts worth $10.16 billion are set to expire this Friday at 8:00 AM UTC, making it one of the largest Bitcoin options expiries of the year. Max pain sits at $72,000, with a put/call ratio of 0.81, meaning slightly more …
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In This News
Coins
$ 66.54K
+1.62%$ 1.93K
+1.53%$ 1.15
+3.66%$ 574.96
+0.20%$ 78.02
+0.45%Predictions Markets
See what traders are focused on
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