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.
Bitcoin slipped to around $81,400, down 0.5% since midnight UTC, even after U.S. spot bitcoin ETFs drew $526.6 million on Monday, their largest daily inflow in nearly a month
South Korea’s Kospi fell 3.73% to its lowest close since April 7 as SK Hynix and Samsung Electronics declined, with renewed AI spending worries weighing on chipmakers’ shares. Options traders are seeking downside protection, with Deribit puts outtrading calls by more than two to one and a bearish skew across expiries. CoinDesk’s DeFi index fell 1.2%.
Bitcoin BTC$81,710.06 slipped to around $81,400 on Tuesday, down 0.5% since midnight UTC, even after U.S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday, their largest daily inflow in nearly a month. Asian stocks set the tone, with South Korea’s benchmark Kospi index falling 3.73% to its lowest close since April 7 as SK Hynix and Samsung Electronics declined with renewed worries over AI spending weighing on chipmakers’ shares. Nasdaq 100 futures fell 0.31%.