The upcoming crypto options expiry is raising concerns about significant Bitcoin sell pressure that could push the price below a key support level.
On August 16, over $1.4 billion worth of Bitcoin (BTC) options are set to expire at 8:00 am UTC, according to Deribit. The “max pain point” for these options is set at $60,000, meaning this is the price at which most options contracts would expire worthless.
However, Bitcoin’s price fell over 3.6% in the past 24 hours, trading at $58,101 as of 8:35 am, according to Cointelegraph data.
This decline suggests that the $1.4 billion in options could introduce more downside volatility unless Bitcoin stages a recovery above $60,000. Typically, periods close to options expiry bring increased price volatility to the crypto market.
Could Bitcoin ETFs help BTC price recover?
While inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) were positive for two consecutive days, they turned negative again on August 14, with net outflows exceeding $81 million, according to Farside Investors.
Bitfinex analysts suggested that the favorable Consumer Price Index (CPI) reading could encourage more inflows into Bitcoin ETFs. They told Cointelegraph:
“The favorable CPI data is expected to catalyze further inflows. Investors are likely positioning themselves to benefit from the expected rate cut and the potential for a broader market rally. As a result, we might observe continued and possibly accelerated inflows into these ETFs, reflecting a shift in sentiment toward risk-on assets.”
The U.S. Bureau of Labor Statistics (BLS) reported July CPI data on August 14, showing annualized price increases for consumers of 2.9%, the slowest rate increase since 2021.
ETF inflows have historically contributed significantly to a cryptocurrency’s price appreciation. For Bitcoin, ETFs accounted for about 75% of new investment by February 15, helping it surpass the $50,000 mark.
Could Bitcoin price dip below $56,000?
Bitcoin could potentially dip below $56,000 before gaining more upside momentum.
According to market sentiment among Bitcoin whales, BTC is likely headed to the $56,000 support level. Trade Confident, a crypto research platform, posted on August 14:
“Based on current market indicators, we are looking at $56k for $BTC’s next move!”
Trump Loves Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Loves Elon (TRUMPELO), a new Solana memecoin that was launched recently, is poised to explode over 15,000% in price in the coming days.
This is because TRUMPELO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Loves Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Loves Elon could become the next viral memecoin.
Trump Loves Elon launched with over $6,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Loves Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Loves Elon by entering its contract address – 9fb2rMzmVvBCT8fCN2HzQWhwFKv5xabhFsfyGGJB7W5Z – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPELO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe the Wizard could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe the Wizard (PEPEWIZZ), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
This is because PEPEWIZZ is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe the Wizard can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe the Wizard could become the next viral memecoin.
Pepe the Wizard launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe the Wizard on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Wizard by entering its contract address – 4C7pyWYBnP2q53NL2mfAiLU1SRRn9k7gYbCGq94yxvxj – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWIZZ.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Bitcoin continued its decline on August 15, driven by increased selling pressure following a significant BTC transfer by the U.S. government.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin hitting multiday lows, dropping to $57,816.
The sell-off was triggered by the U.S. government’s largest BTC transfer of the year, totaling 10,000 BTC (approximately $581 million), which was sent to the exchange Coinbase, according to crypto intelligence firm Arkham.
This large transfer overshadowed any positive impact from U.S. macroeconomic developments, such as a cooling Consumer Price Index (CPI), which failed to provide a boost to Bitcoin’s price.
The analytics platform Lookonchain highlighted that this wasn’t an isolated event, noting similar market reactions to U.S. government BTC transfers throughout 2024. “The US Government transferred 15,940 $BTC ($966.4M) to Coinbase Prime in three transactions this year,” Lookonchain wrote on X (formerly Twitter). “Within three days of the first two transfers, the price of $BTC both dropped by ~5%.”
Axel Adler, a contributor to the onchain analytics platform CryptoQuant, suggested that large market players had anticipated the sell-off following the government transfer by “selling the news.” He noted, “Every time Arkham tweets about coin movements, bears instantly start dumping the market. 10K BTC from a US Government doesn’t affect anything, but the mere fact causes such a reaction.”
The sale by the U.S. government is part of a broader trend of nation-states offloading seized BTC holdings, contributing to short-term bearish narratives. As Cointelegraph previously reported, Germany also sold its entire BTC tranche, with Arkham’s tagged wallet now holding just 0.007 BTC ($400). The offloading took place in June and July, and within a week of the final sale, Germany had already missed out on $124 million in potential profits.
“This will go down in history as one of the biggest mistakes a nation could make,” predicted social media commentator and YouTuber Quinten at the time.
Trump’s Pussy could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump’s Pussy (TRUMPPUS), a new Solana memecoin that was launched today, is poised to explode over 18,000% in price in the coming days.
This is because TRUMPPUS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump’s Pussy can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump’s Pussy could become the next viral memecoin.
Trump’s Pussy launched with over $3,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump’s Pussy on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Pussy by entering its contract address – 9K8cCex7WiCbrP5Hpyu2RWTwjP1Saqk1UqUntjK64zNX – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPPUS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe the Wizard could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe the Wizard (PEPEWIZZ), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
This is because PEPEWIZZ is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe the Wizard can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe the Wizard could become the next viral memecoin.
Pepe the Wizard launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe the Wizard on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Wizard by entering its contract address – 4C7pyWYBnP2q53NL2mfAiLU1SRRn9k7gYbCGq94yxvxj – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWIZZ.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Loves Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Loves Elon (TRUMPELO), a new Solana memecoin that was launched recently, is poised to explode over 15,000% in price in the coming days.
This is because TRUMPELO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Loves Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Loves Elon could become the next viral memecoin.
Trump Loves Elon launched with over $6,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Loves Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Loves Elon by entering its contract address – 9fb2rMzmVvBCT8fCN2HzQWhwFKv5xabhFsfyGGJB7W5Z – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPELO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump’s Pussy could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump’s Pussy (TRUMPPUS), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days.
This is because TRUMPPUS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump’s Pussy can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump’s Pussy could become the next viral memecoin.
Trump’s Pussy launched with over $3,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump’s Pussy on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Pussy by entering its contract address – 9K8cCex7WiCbrP5Hpyu2RWTwjP1Saqk1UqUntjK64zNX – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPPUS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe the Wizard could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe the Wizard (PEPEWIZZ), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
This is because PEPEWIZZ is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe the Wizard can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe the Wizard could become the next viral memecoin.
Pepe the Wizard launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe the Wizard on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Wizard by entering its contract address – 4C7pyWYBnP2q53NL2mfAiLU1SRRn9k7gYbCGq94yxvxj – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWIZZ.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Loves Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Loves Elon (TRUMPELO), a new Solana memecoin that was launched recently, is poised to explode over 17,000% in price in the coming days.
This is because TRUMPELO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Loves Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Loves Elon could become the next viral memecoin.
Trump Loves Elon launched with over $6,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Loves Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Loves Elon by entering its contract address – 9fb2rMzmVvBCT8fCN2HzQWhwFKv5xabhFsfyGGJB7W5Z – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPELO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.