US OCC terminates 2022 order targeting Anchorage Digital over AML

Key takeaways:

• Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry.

• AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite.

A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or just a temporary pause. The drop to $112,100 on Thursday pushed Bitcoin to its lowest point in six weeks, intensifying bearish momentum ahead of the monthly options expiry.

Bullish Bitcoin strategies ill prepared for prices below $114,000

The $7.44 billion in open interest for call (buy) options stands 17% higher than the $6.37 billion in put (sell) contracts. Still, the actual outcome hinges on Bitcoin’s price at 8:00 am UTC on Aug. 29. Deribit dominates the market with an 85% share, followed by CME at 7% and OKX with 3%.

Bulls may have been overly confident, with some wagers set at $125,000 or higher. That optimism quickly eroded after Bitcoin’s decline, shifting momentum toward put instruments. Regardless of the rationale behind the recent BTC price correction, traders who opted for bullish strategies will likely come out disappointed.

Only 12% of call options were placed at $115,000 or below, leaving most out-of-the-money at current levels. By contrast, 21% of puts are positioned at $115,000 or higher, with significant clusters at $112,000. Thus, it is only natural to expect bears to continue negatively pressuring Bitcoin’s price ahead of the monthly expiry.

It might be too early to declare bullish options strategies entirely lost. Traders are awaiting comments from US Federal Reserve Chair Jerome Powell on Friday, as any suggestion of increased odds of rate cuts could support asset prices. Hotter-than-expected US jobless claims data on Thursday added to that anticipation, keeping macroeconomic uncertainty high.

US Federal Reserve and tech stocks could dictate Bitcoin’s outcome

Below are five probable scenarios at Deribit based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure.

• Between $105,000 and $110,000: $210 million in calls (buy) vs. $2.66 billion in puts (sell). The net result favors the put instruments by $2.45 billion.

• Between $110,100 and $114,000: $420 million calls vs. $1.94 billion puts, favoring puts by $1.5 billion.

• Between $114,100 and $116,000: $795 million calls vs. $1.15 billion puts, favoring puts by $360 million.

• Between $116,100 and $118,000: $1.3 billion calls vs. $830 million puts, favoring calls by $460 million.

• Between $118,100 and $120,000: $1.7 billion calls vs. $560 million puts, favoring calls by $1.1 billion.

For bullish strategies to gain traction, Bitcoin would need to trade above $116,000 by Aug. 29. Yet, the most critical battle lies at $114,000, where bears are most motivated to push prices lower.

Ultimately, Bitcoin’s fate in the $13.8 billion monthly options expiry will be decided by broader macroeconomic trends, including investors’ discomfort with the artificial intelligence sector. Concerns deepened after Morgan Stanley warned that soaring spending could limit major tech firms’ ability to fund share buybacks, amplifying caution in equity markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Arbitrum announces its participation in the upcoming Stablecoin Conference 2025, organized by Bitso, set to take place on August 27 in Mexico City (CDMX). The event focuses on building stablecoin infrastructure and fostering blockchain connections across Latin America. Visitors are invited to stop by Arbitrum’s booth to connect with the team and pick up promotional items.

Refer to the official tweet by ARB:

ARB Info

Arbitrum is a layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.

Arbitrum operates by batching many transactions together off-chain and then submitting a single, combined proof of all these transactions to the Ethereum base layer. This greatly reduces the amount of computation and storage that the Ethereum network has to handle, allowing it to support a much higher throughput of transactions.

Oasis Protocol has made its Command Line Interface (CLI) tool accessible through Homebrew, streamlining the installation and update process for developers. This update enables one-line setup, eliminates the need for unsigned package workarounds, and improves workflow efficiency on macOS and Linux systems.

ROSE Info

Oasis Network is a first-layer, scalable blockchain network with a focus on privacy and proof of stake. Through confidential computing, users can control and protect their data even when it's being utilized in various applications and services.

The Oasis Network has the capacity to process a large number of transactions simultaneously due to its structure of subordinate parallel blockchains, also known as "shards." Instead of processing all transactions on a single main blockchain (which is a common practice for many blockchain networks and causes speed and scalability issues), Oasis Network distributes transactions across different subordinate blockchains that can process transactions in parallel.

The ROSE token serves as the governance token in the Oasis Network. The token is used for participating in voting on decisions related to network development and can also be staked to get rewards.

Propy highlights how its tech-enabled real estate solutions are eliminating traditional 30-day closing timelines. With escrow deposits processed in minutes, 24/7 transaction tools, AI workflows that reduce agent workload by 40%, and crypto payment options, the real estate process is becoming more efficient. A live virtual webinar with CRO Eric Cruz will take place on September 4 at 17:00 UTC, showcasing how these innovations work in practice across Texas.

Refer to the official tweet by PRO:

PRO Info

Propy is a decentralized real-estate market place backed by superior blockchain infrastructure to facilitate real-time unified transaction in order to reduce fraud and redPropy (PRO) is a blockchain project that aims to reform the real estate market by making the process of buying, selling and registering property more transparent, secure and paperless. Propy is focused on solving problems in the international real estate market, where buying property in other countries can face legal and administrative obstacles.

Propy uses the blockchain to create a decentralized real estate registry that allows transaction participants to view and verify ownership of real estate. Propy offers a platform for online real estate transactions. The platform includes all stages of a deal, from offer to close, with blockchain registry integration to capture ownership. Thanks to the blockchain, Propy offers a high level of security and resilience, as all transactions and property registrations are recorded on an immutable and highly secure blockchain.

The PRO token is a native token of the Propy platform. The token is used to pay transaction fees on the platform and incentivize participation in the ecosystem.undancy. Propy is the world’s first international real-estate marketplace.