Key bitcoin
The indicators have signed a potential transition to a Bearish market regime while businessmen are waiting for Federal Reserve’s statements Jerome Powell at the Jackson Hole Symposium.
The first is the 180-day call-plut skew that derived from derivit trading options, the largest crypto choice exchange by volume and open interest.
As of writing, the 180-day skew has been negative 0.42, the lowest since June 2023, according to AMERDATA’s resource data. A negative call-put skew suggests that entrepreneurs prote to more demand for Put Options (that offers protection against price decline) Kamag -Child to call options. The data can be interpreted as increasing market care or bearish sentiment in the medium term.
“The BTC’s longer -dated skew flipping in Put Premium can be a sign of regime’s shift,” Imran Lakha, founder of choices, choices, said X..
Negative reading was found as a regime transfer, as it follows two years of ongoing positive values, reflecting a bias towards bullish call options.
More importantly, the BTC pulled just about 8% from its high records of over $ 124,000, reached a week ago. However, long-term emotions flip a bearish.
According to Lakha, the pullback price has been the demand for the Put Options.
“The BTC and Eth Skews are pulling towards the premium putting as the markets are right. BTC will not show a call premium again until March 2026. Moving a lower August/September purchase trigger puts around $ 110,000 strikes.
Federal Reserve Chair Jerome Powell is set to speak at the annual Central Bank Jackson Hole Symposium on Friday. Most entrepreneurs are hoped that Powell will sign rate cuts starting in September and if it provides the expectations, the market may correct, according to Nansen’s research analyst Nicolai Sondergaard.
“At this stage, the market is widely expected, so many of them are already priced. If Powell delivers exactly what is expected, the crypto can see sideways slightly bearish actions, a classic” sell the news “dynamic. By contrast, if the fed indicates a deeper or faster pag -cycle phase than expected. And set the stage for the next bullish leg to crypto, “Sondergaard said.
Stock traders pursuing are putting
The demand for Downside Protection at BTC is consistent with the activity on Wall Street, where entrepreneurs are preparing for a seller-off in key technology stocks.
“Entrepreneurs are buying ‘disaster’ placed in Invesco QQQ Trust Series 1 ETF, which monitors the NASDAQ 100 index,” Jeff Jacobson, head of the Derivative Strategy at the 22V Research Group, Bloomberg said.
Guppy Multiple transfer of average indicator
The second indicator pointing to a bearish shift in the regime is the guppy multiple transition of average (GMMA) indicator.
Developed by Australian businessman Daryl Guppy, the indicator was used to identify returns and assess the force of the trend by evaluating the bands generated by short -term and long -term transitions of averages. A bullish cross occurs when the green band represents short -term moving average crosses above the red band of long -term moving averages, indicating that the upward momentum accumulates the pace.
The price of BTC crosses under the Guppy moving average band, a sign that the bulls are losing control and long -term emotions can be bearish. It is often considered a warning sign that the downsum momentum is about to be strengthened, putting a way for pronounced price weakness.
Other indicators, such as the MacD histogram, Also suggest A strengthening of the downside momentum.
Read more: Bitcoin hired $ 113k; Solana and Dogecoin Lead gets preceded on Powell’s Jackson Hole Speech
