Bitcoin drops to $81,400 as Asian chip stocks tumble, options traders seek downside protection
Bitcoin slipped 0.5% to around $81,400 even after the biggest daily spot ETF inflow in nearly a month as South Korea's Kospi index fell 3.7% on AI worries.
AI summary
Bitcoin fell 0.5% to about $81,400, giving up gains despite the largest single-day spot ETF inflow in nearly a month. The drop coincided with a 3.7% slide in South Korea's Kospi index on AI-related concerns, and options traders are buying downside protection. Traders care because macro risk-off sentiment from Asian equities is currently outweighing positive ETF demand, a sign that external market stress can cap crypto rallies.
