Bitcoin fell back below the $85,000 mark on Saturday morning, three days after crossing it, as market makers’ hedging sales kicked in after the quarterly expiration of $15.6 billion in options on Deribit. U.S. spot Bitcoin ETFs recorded six consecutive sessions of net inflows from September 17 to 24, pushing the 2026 annual balance back into positive territory after $5.8 billion in outflows in July. Nearly $4 billion has returned since Treasury Secretary Scott Bessent’s announcement in August, including $162.6 million for BlackRock’s IBIT alone on Thursday. On the geopolitical front, Washington is considering new strikes against Iran after the November midterm elections, an additional risk factor for speculative assets. Sunday night’s weekly close at the $85,300 level will determine whether the rebound can resume.
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