Today’s reporting centered on Bitcoin trading near the mid-$80,000s, with demand supported by ETF inflows and a call-heavy quarterly options expiry that could affect short-term positioning. Elsewhere, stablecoin usage, exchange infrastructure, and security risks remained in focus.
Bitcoin stays firm as flows and options expiry shape near-term trading
Bitcoin was reported near $86,000 to $87,000, with one market note saying the move was supported by ETF bids while another highlighted a call-heavy quarterly options settlement that could influence dealer hedging and volatility. Separate coverage said US spot Bitcoin ETFs took in more than $1.7 billion over two days, and another report described nearly $1 billion of inflows in a single day the prior session.
Sources: CoinDesk, Decrypt, CoinDesk, Cointelegraph, CoinDesk
Altcoin rotation lifts BCH, ZEC and Dogecoin
Several reports pointed to a narrower rally outside bitcoin: Bitcoin Cash rose sharply after a CME futures listing was cited, Zcash gained in the same session, and Dogecoin also moved higher over the prior day. One market update said money was rotating into BCH and ZEC as bitcoin slipped below $86,000, while another noted BCH was up strongly over 24 hours.