The impending 13.8 billion USD options expiry for Bitcoin on August 29 may determine the future of its bullish trend. Currently, prices are at a six-week low of 112,100 USD, raising concerns among bulls and indicating a shift in market sentiment.
Investor confidence has dipped as the bearish momentum has intensified. Positioning around the 125,000 USD mark appears risky, with many put options set at higher prices. The subsequent price action will be key in determining the direction of Bitcoin post-expiry.
Leave a Reply