{"id":375688,"date":"2025-08-26T19:15:26","date_gmt":"2025-08-26T19:15:26","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/375688\/"},"modified":"2025-08-26T19:15:26","modified_gmt":"2025-08-26T19:15:26","slug":"traders-pour-over-5bn-into-bearish-bitcoin-bets-as-deadline-called-the-heaviest-of-2025%e2%80%b2-approaches-dl-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/375688\/","title":{"rendered":"Traders pour over $5bn into bearish Bitcoin bets as deadline called the \u2018heaviest of 2025\u2032 approaches \u2013 DL News"},"content":{"rendered":"<ul class=\"list-outside pl-8\">\n<li>Last week, Bitcoin hit a new record high.<\/li>\n<li>But traders don\u2019t give the price a high chance of recovering this week.<\/li>\n<\/ul>\n<p class=\"puppeteer-article-text-type-element\">Traders don\u2019t like Bitcoin\u2019s chances of reclaiming the all-time high price of $124,000 this week. <\/p>\n<p class=\"puppeteer-article-text-type-element\">That\u2019s according to <a href=\"https:\/\/basedmoney.io\/metrics\/open-interest\" rel=\" nofollow noopener\" target=\"_blank\">data<\/a> from Deribit, an options-trading platform, where a big number of puts are in the $108,000 to $112,000 range. About 17% of puts worth nearly $1 billion are within this range.<\/p>\n<p class=\"puppeteer-article-text-type-element\">In total, traders have poured over $5 billion into puts for the August 29 expiry. <\/p>\n<p class=\"puppeteer-article-text-type-element\">Puts are bearish bets traders often use to hedge against a potential price slump. Buying a put at this range gives traders the option, but not the obligation, to sell the underlying asset at that price, even if the price drops lower.<\/p>\n<p class=\"puppeteer-article-text-type-element\">Deribit <a href=\"https:\/\/x.com\/DeribitOfficial\/status\/1959932760690155782\" rel=\" nofollow\">described<\/a> the Friday expiry as \u201cof the heaviest of 2025 so far\u201d which \u201cmay help set the market tone for September.\u201d<\/p>\n<p class=\"puppeteer-article-text-type-element\">Punters on Polymarket don\u2019t like the top cryptocurrency\u2019s chances either. A $230,000 <a href=\"https:\/\/polymarket.com\/event\/bitcoin-price-on-august-29?tid=1756206469363\" rel=\" nofollow noopener\" target=\"_blank\">bet<\/a> on the gambling platform gives Bitcoin a 46% chance of trading below $110,000 on Friday. Traders also put a 22% chance that Bitcoin would trade between $110,000 and $112,000.<\/p>\n<p class=\"puppeteer-article-text-type-element\">The expiry comes as Bitcoin exchange-traded funds recorded over $1 billion in outflows last week, <a href=\"https:\/\/coinshares.com\/corp\/insights\/research-data\/fund-flows-25-08-25\/\" rel=\" nofollow noopener\" target=\"_blank\">according<\/a> to crypto ETF firm CoinShares. <\/p>\n<p class=\"puppeteer-article-text-type-element\">To be sure, not all traders are as pessimistic. The biggest call position on Friday is at $120,000. <\/p>\n<p class=\"puppeteer-article-text-type-element\">A call is a bullish bet that allows the trader to buy an asset at a particular price. If, for instance, Bitcoin would trade above $120,000, then traders with a call can buy coins at a discount and then sell them at a profit.<\/p>\n<p class=\"puppeteer-article-text-type-element\">The news comes days after <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/three-reasons-why-ethereum-broke-a-new-all-time-high\/\" target=\"_self\" rel=\"noopener\" title=\"https:\/\/www.dlnews.com\/articles\/markets\/three-reasons-why-ethereum-broke-a-new-all-time-high\/\">Fed Chair Jerome Powell<\/a> signalled that the central bank may cut interest rates at its September meeting. <\/p>\n<p class=\"puppeteer-article-text-type-element\">Low interest rates usually incentivise traders to bet on risk-on assets like crypto. <\/p>\n<p class=\"puppeteer-article-text-type-element\">Yet not, everyone is convinced. <\/p>\n<p class=\"puppeteer-article-text-type-element\">The remarks \u201ccould be seen as contradictory and may leave markets debating his true intentions,\u201d Katalin Tischhauser, Head of Research at Sygnum Bank, said in a statement shared with DL News.<\/p>\n<p class=\"puppeteer-article-text-type-element\">Markets are still pricing an 84% chance of a September cut, according to the CME FedWatch tool. That\u2019s down from two weeks ago when chances were over 90%.<\/p>\n<p>Crypto market movers <\/p>\n<ul class=\"\">\n<li>Bitcoin is down 1.5% over the past 24 hours to trade at $109,666.<\/li>\n<li>Ethereum is up 4.2% to trade at $4,416.<\/li>\n<\/ul>\n<p>What we\u2019re reading<\/p>\n<p class=\"puppeteer-article-text-type-element\">Lance Datskoluo is DL News\u2019 Europe-based markets correspondent. Got a tip? Email at <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/will-bitcoin-reclaim-its-record-price-before-august-29\/mailto:lance@dlnews.com\" target=\"_self\" rel=\" nofollow noopener\" title=\"https:\/\/www.dlnews.com\/articles\/markets\/will-bitcoin-reclaim-its-record-price-before-august-29\/mailto:lance@dlnews.com\">lance@dlnews.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Last week, Bitcoin hit a new record high. But traders don\u2019t give the price a high chance of&hellip;\n","protected":false},"author":2,"featured_media":375689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[2257,51,2441,16,15],"class_list":{"0":"post-375688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-business","10":"tag-markets","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115096670973186914","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/375688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=375688"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/375688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/375689"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=375688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=375688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=375688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}