Bitcoin price retreats to $65K ahead of $1.2B options expiry

Bitcoin price has slipped back toward $65,000 after spot ETF outflows, a major options expiry and rising oil prices stopped its rebound from extending beyond $66,800. Summary Bitcoin price retreated to $65,000 after spot ETFs recorded $225 million in net outflows. A $1.2 billion options expiry placed the closely watched maximum-pain level at $64,500. Losing $63,700 could expose Bitcoin to a deeper decline toward the $60,000 area. According to data from crypto.news, Bitcoin (BTC) price traded near $65,050 on July 24, down about 2.6% from its July 21 peak. Traders remained cautious as the pullback brought the price closer to a large derivatives settlement level and a rising trendline that has supported the recovery since late June. U.S. spot Bitcoin exchange-traded funds recorded $225 million in net outflows on July 23, according to SoSoValue data. BlackRock’s IBIT accounted for about $202 million of those withdrawals, reversing the steady institutional inflows that had helped Bitcoin recover from its June low near $58,000. At the same time, U.S. technology shares suffered their sharpest sell-off since April 2025. The Magnificent Seven fell 4.8% on July 23 and lost about $797 billion...