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Bitcoin struggles near $60,000 as options expiry and ETF outflows cap gains.

Market News
29 Jun 2026
Crypto news
View Source
Bearish
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Bitcoin price hovered around $60,000, unable to break out due to $11 billion in options expiry and nearly $1.79 billion in weekly ETF outflows, the largest in 2026. These factors, combined with institutional selling and macroeconomic uncertainty, have kept buyers cautious and pressured the market. Technical indicators show Bitcoin trapped in a bearish range, with key support at $58,000; falling below this could push prices toward $55,000-$56,000. Continued ETF outflows, rising Treasury yields, and geopolitical risks may keep Bitcoin confined near $60,000 until stronger demand returns.

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