Bitcoin ETF surges with volume, put options hedge simultaneously! Can BTC hold the 80,000 level?

Bitcoin's recent performance has been lackluster, hitting a low of $80,600 on Friday night, down 36% from its October peak, and just a step away from the April tariff release day low of $74,508. Market confidence is weak, with the fear and greed index dipping into single digits at one point. However, surprisingly, last Friday saw a net inflow of funds into U.S. Bitcoin ETFs! Even ARK Invest entered the market to buy its own Bitcoin ETF ARKB, though the amount was only about $390,000. Does this mean that Cathie Wood also believes the bottom is near?

Bitcoin ETF buy orders released!

According to Bloomberg analyst Eric Balchunas's post, last Friday the U.S. Bitcoin ETF surprisingly experienced a net inflow of funds! Even he was somewhat surprised. Although BlackRock's IBIT had a net outflow of $122 million, other ETFs showed net inflows, compensating for the funding gap of IBIT, ultimately resulting in a net inflow of $238 million.

Balchunas stated:

“It must be acknowledged that the baby boomer generation has shown strong resilience. Although they are not the instigators of this storm, over 95% of asset management scale still holds its ground.”

Semi-shock: Bitcoin ETFs saw net inflows on Friday, as a group (the others picked up slack for IBIT, teamwork in effect). Cant deny Boomers showing serious mettle. Still over 95% of aum hanging tough despite, as their hero Billy Joel says, they didn’t start the fire. pic.twitter.com/qhMlw5jK2F

— Eric Balchunas (@EricBalchunas) November 22, 2025

ETF trading volume hits a new high, IBIT put options surge.

In addition, the trading volume of Bitcoin ETFs surged on 11/21, setting a new historical high with a total trading volume of 11.5 billion USD. Among them, the trading volume of IBIT reached 8 billion USD, also setting a historical high. Balchunas stated that whenever a certain ETF or a certain category of products “experiences an explosion period,” the trading volume will significantly increase. ETFs act like a release valve for capital.

The weekly put options for IBIT ( put ) reached a peak trading volume of 1.77 million, surpassing the 50-day average of 890,000, indicating that the market is hedging against further falls.

Balchunas believes that put options allow long-term holders to mitigate losses without exiting their positions. He compares this to the debut of SPY (, which tracks the S&P 500 Index, in the 1990s, when SPY attracted institutional capital through enhanced liquidity and risk management.

Also no surprise record week for Put volume in $IBIT… this is one thing that may help ppl stay the course, they can always buy some puts as hedge while they stay long. This was something big investors loved about )when it was first launched back in ’90s. pic.twitter.com/eDDXoDvmTv

— Eric Balchunas $SPY @EricBalchunas( November 21, 2025

ARK enters the market to buy its own ARKB, is Bitcoin near the bottom?

Even ARK Fund ARKF has entered the market to buy its own Bitcoin ETF ARKB. Although the amount is only about 390,000 USD, does this mean that Cathie Wood also believes the bottom is near?

This article discusses the surge in Bitcoin ETF volume, with put options being used for hedging! Can BTC hold the $80,000 level? First appeared on Chain News ABMedia.