Bitcoin options signal fear even as BTC ETF outflows remain relatively low

Burns Brief

Bitcoin ETF outflows are too small to signal a bearish pivot from traders, but worsening US macroeconomic conditions and high oil prices keep BTC traders on the hedge The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.