Bitcoin Slides Toward $58,000 As ETF Outflows And Options Expiry Add Pressure

Bitcoin’s latest pullback was not driven by a single headline. Instead, traders were hit by a cluster of pressure points at the same time: weakness in global technology stocks, another heavy day of spot Bitcoin ETF redemptions, a sharp leverage flush, and a large monthly options expiry that kept the market focused on downside strike levels.TL;DRBitcoin fell toward the $58,000 area as risk appetite weakened across crypto and technology stocks.U.S. spot Bitcoin ETFs saw roughly $691.7 millio