Bitcoin Options Traders Dey Eye $126K August Target
Bitcoin options traders dey target say make price rally reach $126,000 by late August, QCP Capital analysts talk. Last week, BTC drop reach $112K to fill one CME gap before e bounce back come near $115K, but e face resistance for that level plus market liquidations wey pass $1 billion. QCP Capital talk say more people dey use stablecoins, regulations dey clear pass before, plus institutional interest for tokenization dey rise na key drivers. For Bitcoin options market, demand strong for August 29 call spreads wey be $118K/$124K/$126K, e mean say dem get confidence say new all-time high go come. The front-end put skew still dey high but e no reach panic levels, and e fit reduce if Bitcoin fit recover $115K. Upcoming ETF flow data go dey important; if inflows renew and volatility reduce, e fit confirm say buy-the-dip strategy correct. Weaker US jobs data don make CME FedWatch tool show say e get over 80% chance say dem go cut rates in September, this fit make crypto market liquidity better.
Bullish
Positive options positioning for $118K/$124K/$126K show say traders get strong confidence for upside. When you join am with solid catalysts like stablecoin adoption, clearer regulations, and institution interest for tokenization, outlook still dey positive. The dip reach $112K clear leverage and fill CME gaps wey normally signal buy zones before accumulation phases. Weak US jobs data and plus 80% chance for September Fed rate cut still dey support liquidity wey dey flow enter risk assets like Bitcoin. If ETF flows start to dey positive again, e fit confirm near-term buy-the-dip idea. Even though short-term volatility and resistance for $115K fit continue, all these factors dey suggest bullish bias both short and long term.