BREAKING
171d 18h ago

BTC Options to Hover Near 2.0% After Powell’s Jackson Hole Speech — Orbit Markets Warns of Downside Volatility

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

COINOTAG reported on August 22 that Pulkit Goyal, trading lead at cryptocurrency market maker Orbit Markets, said BTC options pricing is expected to trade near 2.0% ahead of Fed Chair Powell‘s remarks at Jackson Hole. Goyal noted that a divergence from the market’s anticipated rate-cut signals would elevate the likelihood of downside volatility for Bitcoin.

Traders and institutional desks should focus on shifts in implied volatility, order-flow and liquidity conditions and adjust hedging and position sizing accordingly. As reported by CoinDesk, Orbit Markets’ assessment highlights the need for disciplined risk management and continuous monitoring of options pricing amid evolving Fed communications.

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