As reported by BitJie, the crypto market experienced a sharp decline, with Bitcoin and Ethereum ETFs seeing $12.7 billion in outflows, triggering a broader sell-off. On September 26, nearly $230 billion in Bitcoin and Ethereum options expired, increasing volatility and panic among traders. Analysts noted that large investors often push prices to 'maximum pain' levels, such as $110,000 for Bitcoin and $3,800 for Ethereum, which can cause sudden price drops. The market lost approximately $1.62 trillion in 24 hours, with Bitcoin falling below $110,000 and Ethereum, Solana, XRP, and Dogecoin all dropping nearly 5%.
Crypto Market Plummets as $12.7B ETF Outflows and $230B Options Expiry Trigger Sell-Off
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