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Bitcoin Options Signal $80K Max Pain While Spot Lingers Near $64K

Bitcoin's derivatives market is pricing a scenario that sits roughly $16,000 above where the asset actually trades. On Aug. 5, spot bitcoin changed hands at $64…

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Bitcoin Options Signal $80K Max Pain While Spot Lingers Near $64K
Article image: Bitcoin Options Signal $80K Max Pain While Spot Lingers Near $64K

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Excerpts from the article

  • Bitcoin's derivatives market is pricing a scenario that sits roughly $16,000 above where the asset actually trades. On Aug. 5, spot bitcoin changed…
  • The gap reflects a derivatives structure that has grown increasingly detached from spot flows. Total bitcoin futures open interest has climbed above…
  • Spot market participation tells a different story. U.S. spot bitcoin ETFs recorded a modest $19.6 million net inflow on Aug. 4 after a period of…

Can bitcoin's spot market generate enough conviction to bridge the $16,000 gap to the options market's max-pain target, or will the $60,000 put strike reassert itself as the gravitational center?

Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6

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