The main theme in the crypto market today is BTC returning to $80K. Tonight brings a major double test: the long-awaited first appearance at the Jackson Hole event by former Fed chair Powell (Jerome) + the expiration of $6.44 billion in options.
1. BTC returns to $80,000; up 25% this week
- Around 80,439 (+280,844), total market cap $1.61T
- The second-strongest week since early 2021; RSI 82.4 is severely overbought. The last resistance is 81,085 (50-week EMA); if it breaks, watch 83K–$86K
- Key signal: For the first time in three months, BTC is trading at a premium on Coinbase versus Binance—market action is shifting from short-squeeze pressure to real spot buying by U.S. institutions
2. Nvidia ignites tech stocks; the “choose between AI and BTC” narrative is disproven
- Q2 revenue $96.22B (+$106.4420B to $549B)
- AI stocks and bitcoin rise together; risk appetite resonates. Gold also breaks above $4,600 to a record high—the “value-depreciation trade” trio all rally at once
3. SOL leads the pack (+8.3%) ($109)
- Two catalysts: Solana’s first-ever binding governance vote passes—annual inflation reduction speed doubled + daily burn amount expanded up to 14x; over 6 years, up to 18.9 million SOL can be removed
- Charles Schwab (13T in assets under management) launches spot trading for SOL/AVAX/LINK; SOLETF cumulative net inflows of $1.22B set a record
4. Tonight at 22:00: Powell’s first appearance at Jackson Hole
- For the first time in 40 years, crypto and stablecoins are written into the annual agenda (theme: “Financial Innovation and Payment Policy”)
- Powell says his speech is “a blank sheet.” The probability of a September rate hike has risen to 40%—a hawkish surprise is the biggest tail risk today
5. $6.44B in BTC options expires today
- 81,700 contracts (Put/Call 0.83 skew bullish); the biggest pain point is 68–70K, with open interest concentrated at 75K/$80K—stacked on the same day as Powell’s speech, volatility is likely to be ignited
⚠️ Risk warning: triple pressure from overbought conditions + options hedging flows + a hawkish surprise; the size of September options expiration is double that of this week—derivatives pressure is not over yet. BTC is still 36% away from its all-time high of $126K. $BTC $ETH
1. BTC returns to $80,000; up 25% this week
- Around 80,439 (+280,844), total market cap $1.61T
- The second-strongest week since early 2021; RSI 82.4 is severely overbought. The last resistance is 81,085 (50-week EMA); if it breaks, watch 83K–$86K
- Key signal: For the first time in three months, BTC is trading at a premium on Coinbase versus Binance—market action is shifting from short-squeeze pressure to real spot buying by U.S. institutions
2. Nvidia ignites tech stocks; the “choose between AI and BTC” narrative is disproven
- Q2 revenue $96.22B (+$106.4420B to $549B)
- AI stocks and bitcoin rise together; risk appetite resonates. Gold also breaks above $4,600 to a record high—the “value-depreciation trade” trio all rally at once
3. SOL leads the pack (+8.3%) ($109)
- Two catalysts: Solana’s first-ever binding governance vote passes—annual inflation reduction speed doubled + daily burn amount expanded up to 14x; over 6 years, up to 18.9 million SOL can be removed
- Charles Schwab (13T in assets under management) launches spot trading for SOL/AVAX/LINK; SOLETF cumulative net inflows of $1.22B set a record
4. Tonight at 22:00: Powell’s first appearance at Jackson Hole
- For the first time in 40 years, crypto and stablecoins are written into the annual agenda (theme: “Financial Innovation and Payment Policy”)
- Powell says his speech is “a blank sheet.” The probability of a September rate hike has risen to 40%—a hawkish surprise is the biggest tail risk today
5. $6.44B in BTC options expires today
- 81,700 contracts (Put/Call 0.83 skew bullish); the biggest pain point is 68–70K, with open interest concentrated at 75K/$80K—stacked on the same day as Powell’s speech, volatility is likely to be ignited
⚠️ Risk warning: triple pressure from overbought conditions + options hedging flows + a hawkish surprise; the size of September options expiration is double that of this week—derivatives pressure is not over yet. BTC is still 36% away from its all-time high of $126K. $BTC $ETH