Key Bitcoin
Indicators signalize a potential shift to a bearish market regime as dealers are waiting for Federal Reserve President Jerome Powell’s comments at Jackson Hole Symposium.
The first is the 180-day call-put-skewed derived from option trading on Deribit, the largest cryptoopption exchange by volume and open interest.
From writing, the 180-day crooked negative 0.42, the lowest since June 2023, was according to data source Amberdata. A negative call-put-skewing suggests that dealers prices in greater demand for put options (which offers protection against price drop) Compared to call options. The data can be interpreted as increasing the market’s caution or bearish atmosphere in the medium term.
“BTC longer dated crooked flipping to put premium can be a sign of regime shift,” said Imran Lakha, founder of Options Insights, at X.
The negative reading comes across a regime shift as it follows two years of consistently positive values, reflecting a bias against bullish call options.
More important is that BTC has only withdrawn with approx. 8% from its record highs over $ 124,000, which was reached a week ago. Still, the long -term mood has turned Bearish.
According to Lakha, Price -Backing has triggered demand for putting options.
“BTC and ETH SKEWS are drawing against Put Premium as the markets are correct. BTC does not show a call premium until March 2026.
Federal Reserve President Jerome Powell is scheduled to speak at Central Bank’s annual Jackson Hole Symposium Friday. Most dealers expect Powell to signal cuts from September, and if he gives what is expected, the market can correct, according to Nansen’s research analyst Nicolai Sondergaard.
“At this point, the market expects largely cuts, so much of it is already priced in. If Powell delivers exactly what is expected, Krypto could see sideways for a little bearish action, a classic” sell the “dynamic. For the next bullian leg in the creep, “Sonderga said.
Stock traders chase puts
The demand for downward protection in BTC is in line with the activity on Wall Street, where dealers have prepared for a sale in the major technology warehouses.
“Dealers buy ‘disaster’ puts Inesco QQQ Trust Series 1 ETF, which tracks the NASDAQ 100 index,” Jeff Jacobson, head of derived strategy at 22V Research Group, told Bloomberg.
Guppy More Sliding Average Indicator
The second indicator pointing to a bearish shift in the regime is the guppy multiple sliding average (GMMA) Indicator.
Developed by Australian trader Daryl Guppy, the indicator is used to identify twists and evaluate trend strength by analyzing the bands formed by short -term and long -term movement average. A bullish cross occurs when the green band representing short -term movement average crosses the red band of long -lasting moving average, indicating that upward momentum is to accumulate pace.
BTC’s price is crossed under the Guppy-teasing average ties, a sign that Bulls are losing control and the long-term mood may be Bearish. This is often considered a warning sign that the disadvantage Momentum is strengthening and paving the way for pronounced pricing.
Other indicators, such as MacD histogram, also suggest a strengthening of downward momentum.
Read more: Bitcoin is hovering at $ 113K; Solana and Dogecoin lead gains in front of Powells Jackson Hole Talk
