BTC regains the 80,000 level. US spot BTC ETFs have seen net inflows for 8 consecutive days, totaling $2.8 billion.
Today the market faces two pressure tests at the same time: options expiration + remarks from Fed Chair Jerome Jackson Hole.
$6.44 billion worth of BTC options are expiring, with strike prices concentrated around 75,000 and 80,000. That means around 80,000, there is likely to be a large hedging flow.
Today’s real headline catalyst is Fed Chair Kevin Warsh’s speech at Jackson Hole. The market currently has clear disagreements about inflation and the future path of interest rates, and the US dollar is also in a sensitive position.
I’m staying bullish this round:
If BTC can hold above 80,000 through the volatility around options expiration and after the speech, it would indicate very strong follow-through for this breakout.
$BTC
#比特币守于7.94万美元
Today the market faces two pressure tests at the same time: options expiration + remarks from Fed Chair Jerome Jackson Hole.
$6.44 billion worth of BTC options are expiring, with strike prices concentrated around 75,000 and 80,000. That means around 80,000, there is likely to be a large hedging flow.
Today’s real headline catalyst is Fed Chair Kevin Warsh’s speech at Jackson Hole. The market currently has clear disagreements about inflation and the future path of interest rates, and the US dollar is also in a sensitive position.
I’m staying bullish this round:
If BTC can hold above 80,000 through the volatility around options expiration and after the speech, it would indicate very strong follow-through for this breakout.
$BTC
#比特币守于7.94万美元