Bitcoin options market structure leans toward $60K retest in February

CoinTelegraph

by Marcel Pechman

February 19, 2026

AI-Generated Deep Dive Summary

Bitcoin’s price movement appears capped under $70,000 as traders adopt bearish options strategies, with spot Bitcoin ETF outflows signaling a potential retest of the yearly low. Key insights reveal that institutional traders are investing heavily in downside protection, paying a 13% premium for put options amid Bitcoin’s struggle to maintain support above $66,000. Additionally, $910 million in Bitcoin ETF outflows highlight rising caution among institutional investors, despite strong performance in traditional safe-haven assets like stocks and gold. The bearish positioning in the options market reflects a shift in sentiment, with professionals prioritizing

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Originally published on CoinTelegraph on 2/19/2026