Key bitcoin
The indicators report a potential passage to a lower market scheme while traders await the remarks of the president of the federal reserve Jerome Powell at the Jackson Hole symposium.
The first is the 180 -day appeal bias derived from negotiation options on Deribit, the greatest exchange of crypto options by volume and open interest.
During the editorial staff, the 180 -day bias was negative of 0.42, the lowest since June 2023, according to the source of Amberdata data. A negative bias suggests that traders assess a greater request for put options (which offer protection against price reductions) Compared to appeal options. Data can be interpreted as a growing market warning or a medium -term lowering feeling.
“The BTC longer dated to return to Put Premium could be a sign of regime change,” said Imran Lakha, founder of insights options, on X.
Negative reading appears as a change of diet, because it follows two years of always positive values, which reflects a bias towards bullish purchase options.
More importantly, the BTC fell only about 8% compared to its record heights greater than $ 124,000, which was reached a week ago. However, long -term feeling has turned down.
According to Lakha, the withdrawal of prices sparked the request for sales options.
“BTC and ETH SKEWS draw towards Put Premium, because the markets are correct. BTC does not show again an appeal bonus before March 2026. The movement lower than the purchase of August / September puts around the strike of $ 110,000. Calls and calls of calls are sold in a blog post.
The president of the federal reserve, Jerome Powell, is expected to speak on Friday at the annual Jackson Hole symposium of the Central Bank. Most traders expect Powell to report rate reductions from September and if it gives what is expected, the market can correct, according to Nansen’s research analyst Nicolai SONDERGAAR.
“At this point, the market expects cuts, so a large part of it is already evaluated. If Powell offers exactly what is planned, Crypto could see lateral of a slightly downward action, a classic dynamic to” sell the news “.
Chase stock market merchants put
The demand for downward protection in BTC complies with the activity of Wall Street, where traders are preparing to sell themselves in the main technological actions.
“The merchants buy” Disaster “put on the FNB Investo QQQ Trust Series 1, which follows the Nasdaq 100 index,” told Bloomberg Jeff Jacobson, head of the 2V research group.
Guppy Mobile Mobile Indicator
The second indicator pointing to a lower offset in the diet is the Multiple Multiple Guppy average (GMMA) indicator.
Developed by the Australian trader Daryl Guppy, the indicator is used to identify inversions and assess the strength of trends by analyzing the bands formed by short and long -term mobile averages. A bullish cross occurs when the green band representing averages of short -term moving crosses the red strip of long -term mobile averages, indicating that the upward momentum collects the rhythm.
The BTC price has crossed the medium mobile bands of Guppy, a sign that the bulls lose control and long -term feeling can become a lower. This is often considered as a warning sign that the drop in the momentum is about to strengthen, opening the way to a low prices.
Other indicators, such as the MacD histogram, also suggest a reinforcement of the momentum.
Read more: Bitcoin hovers at $ 113,000; Solana and leadercoin in leader before Powell Jackson Hole’s speech
