Bitcoin fell to about $81,400 on Tuesday even after US spot Bitcoin ETFs took in $527 million in their biggest inflow day in nearly a month. The drop matters because options traders are now paying up for downside protection while stocks slide — and that puts the key $80,000 support level in focus.
Key points:
• Bitcoin slipped about 0.5% to near $81,400 despite the strongest daily spot ETF inflow in nearly a month.
• South Korea's Kospi index crashed 3.7% as Samsung and SK hynix fell on AI spending worries.
• Deribit options data shows traders paying extra for put protection, a bearish hedge against a deeper fall.
The selling started in Asia. South Korea's Kospi ended the day down 3.73% at 5,552.74 — its lowest close in more than six months — as chip giants Samsung Electronics fell about 3% and SK hynix lost about 4.2%. AI worries also hit new listings hard, with data-centre firm Elice plunging more than 30% on its market debut, and foreign investors sold about 530 billion won of Korean shares in the session.
Read also: Bitcoin ETFs Pull In $527 Million — Biggest Day Since September?
Normally, Monday's ETF money should have lifted the price. US spot Bitcoin ETFs pulled in $526.7 million on Monday, the biggest day since September 22, with BlackRock's IBIT alone taking in $665.2 million. Instead, Bitcoin still slipped, which shows how strongly the Asian stock sell-off is weighing on crypto right now: ETF buying is supporting the market, but it is not strong enough today to push the price higher. Other big coins were also red, with Ethereum near $2,380, Solana near $104 and XRP near $1.29.
Can $80,000 hold?
Options traders are bracing for more downside. On Deribit, the implied volatility of 25-delta put options is trading at a premium to calls — around the 40% area — which means traders are paying extra to insure against a fall, a sign the market leans bearish in the short term. Bitcoin has held above $80,000 since the early-October sell-off, so traders will watch that line closely, along with the next ETF flow figures and whether Asian stocks steady. A clean hold above $80,000 keeps the recovery story alive; a break below it would open the door to a deeper slide, while a move back above $82,500 would ease the pressure.
Read also: Bitcoin Jumps to $82,500 as China GDP Beats Forecasts — What's Next?
— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: CoinDesk, Economic Times, Korea JoongAng Daily, CoinGecko
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