0256 GMT - Bitcoin falls in early Asian trade, down 0.3% at $61,321.44. Bitcoin is falling amid accelerating ETF outflows and weak institutional participation, K33 Research says. Meanwhile, option traders are paying some of the highest premiums for downside protection since the 2022 bear market. "When hedging becomes this expensive, it's usually a sign that pessimism is already widespread," K33 adds. Still, weaker-than-expected U.S. jobs data for June could ease concerns over further rate hikes, strengthening the case for bitcoin. Investors are also watching quarter-end portfolio rebalancing, which has historically supported ETF inflows after periods when bitcoin underperforms equities, K33 says.(jason.chau@wsj.com)
(END) Dow Jones Newswires
July 02, 2026 22:56 ET (02:56 GMT)
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