Key Notes

The put-to-call ratio (PCR) stands at 1.30, and the max pain level is $118,000, above Bitcoin’s spot price.

Analysts note put-heavy positioning, reflecting short-term skepticism and demand for downside protection if Powell maintains a balanced approach.

Traders are watching interest rate and liquidity signals as September rate cut expectations fall to 70%.

Bitcoin BTC $112 016 24h volatility: 1.0% Market cap: $2.23 T Vol. 24h: $31.43 B and the broader crypto market remain jittery amid Friday’s options expiry, ahead of Jerome Powell’s Jackson Hole speech.

A total of $3.82 billion in Bitcoin options expired today, as BTC price saw further selling, testing the intraday lows of $112,047. Recent reports suggested that investors have been ditching BT

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