{"id":25645,"date":"2026-01-10T15:21:00","date_gmt":"2026-01-10T15:21:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=25645"},"modified":"2026-01-10T04:25:10","modified_gmt":"2026-01-10T04:25:10","slug":"bitcoin-price-drop-etf-options","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-price-drop-etf-options\/","title":{"rendered":"Why Bitcoin Could Plunge to $87,000: ETF Outflows and Options Expiry Loom"},"content":{"rendered":"\n

ETF Hemorrhage: The Warning Signal?<\/h2>\n\n\n\n

The crypto market is holding its breath. After a promising start to the year, the wind has turned with unexpected violence. In just two days (January 6 and 7), the Spot Bitcoin<\/a> ETFs<\/strong> recorded cumulative net outflows of $729 million<\/strong>. This massive movement of institutional capital immediately impacted market sentiment, causing the fear and greed index to shift from a “neutral” level to “fear”.<\/p>\n\n\n\n

Currently, Bitcoin is trading around $91,000<\/strong> (down approximately 1% over 24 hours), struggling not to yield under selling pressure. A striking fact highlighted by analysts is the growing correlation with Asian markets: BTC tends to climb during Asian sessions only to suffer brutal sell-offs<\/strong> as soon as US markets open, coinciding with ETF outflows.<\/p>\n\n\n\n

Max Pain: Why Is Bitcoin Stuck at $90,000?<\/h2>\n\n\n\n

This Friday marks a major deadline for derivatives products. At 8:00 AM UTC, more than $2.2 billion<\/strong> in options contracts are set to expire. The phenomenon is visible to the naked eye on the charts: Bitcoin’s price seems magnetically drawn around $90,000<\/strong>, while Ethereum<\/a> struggles around $3,100<\/strong>.<\/p>\n\n\n

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\"Bitcoin
Source: Deribit<\/figcaption><\/figure><\/div>\n\n\n

This is the classic “Max Pain”<\/strong> effect. It’s the price level where the majority of options (both Calls and Puts) expire worthless, maximizing profits for market makers at the expense of retail traders. Currently, Bitcoin’s Put\/Call ratio stands at 1.05, signaling extreme caution and massive hedging<\/strong> by investors fearing a drop below key support levels.<\/p>\n\n\n\n

For Ethereum, the dynamic is slightly different. With a Put\/Call ratio of 0.89, sentiment remains moderately bullish<\/strong>. Traders appear to be betting on a faster recovery for ETH once this technical lock is broken, hoping to see the asset break free from the $3,100 resistance to restart the engine.<\/p>\n\n\n\n

Technical Analysis: Critical Levels to Watch<\/h2>\n\n\n\n

Graphically, Bitcoin is walking a tightrope. The correction from the local peak of $94,700 has brought the price back to a major psychological and technical threshold. The $90,000<\/strong> level is currently acting as the last line of defense before a more serious deterioration of the trend.<\/p>\n\n\n\n

The key indicator to watch is the 50-day Moving Average (MA50)<\/strong>, positioned precisely at $89,200<\/strong>. This is the line bulls cannot afford to lose:<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n