This Spread In Options Trading Bets On Further Weakness In Bitcoin Amid Downturn

The article says Bitcoin has been under heavy pressure in 2026, down more than 30%, while most altcoins have fallen even further. That weakness has hurt the iShares Bitcoin Trust (IBIT) and prompted a bearish options idea: a Sept. 18 bear put spread on IBIT, using the 35 and 30 strikes, to profit from further downside while limiting risk. The piece also highlights Strategy’s move to sell $216 million of bitcoin last week, signaling potential additional supply and weaker demand. Strategy’s stock and broader bitcoin treasury companies have also come under pressure, with many trading below net asset value. Overall, the tone is negative for bitcoin-related assets, with technical weakness, liquidation risk, and corporate selling all weighing on sentiment.