{"id":9289,"date":"2025-08-29T18:23:03","date_gmt":"2025-08-29T18:23:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-crashes-ahead-of-options-expiry-as-a-risky-pattern-forms\/"},"modified":"2025-08-29T18:23:11","modified_gmt":"2025-08-29T18:23:11","slug":"bitcoin-price-crashes-ahead-of-options-expiry-as-a-risky-pattern-forms","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-crashes-ahead-of-options-expiry-as-a-risky-pattern-forms\/","title":{"rendered":"Bitcoin price crashes ahead of options expiry as a risky pattern forms"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price is on track to drop for three consecutive weeks as traders brace for a $15 billion options expiry and as risky chart patterns form on the weekly chart.\u00a0<\/p>\n<div id=\"cn-block-summary-block_9653e3368fb86e762f1192425edcc303\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price has crashed for three consecutive weeks.<\/li>\n<li>BTC and Ethereum options worth over $15 billion will expire today.<\/li>\n<li>Technical analysis points to more BTC price dips.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin (BTC) price plunged to $108,000 on Friday, Aug. 29, down significantly from the all-time high of $124,200, and there is a risk that the downtrend could continue if it loses a key support.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price tumbles ahead of a key options expiry<\/h2>\n<p>Crypto and stocks often plunge or remain highly volatile ahead of a major options expiry. It is common for the stock market to plunge ahead of he triple-witching event when options of stocks and indices expire.\u00a0<\/p>\n<p>Bitcoin price is dropping as investors wait for a major options expiry worth over $15 billion. Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.deribit.com\/statistics\/btc\/metrics\/options\" target=\"_blank\">Deribit<\/a>, one of the top derivatives exchanges, shows that short sellers target a Bitcoin dive to between $95,000 and $110,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>More data by CoinGlass shows that options open interest has jumped in the last three days, reaching a high of $57 billion on Friday. A rising options open interest is common towards a major expiry.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\"><em>Bitcoin options open interest | Source: CoinGlass<\/em><\/figcaption><\/figure>\n<p>Bitcoin price often rebounds a few days after the options expiry date, and this could happen soon as the weighted funding rate has remained positive in the past few months.<\/p>\n<p>The risk this time is that the expiry is happening at a time when investors are embracing a risk-off sentiment. For example, the top indices like the Nasdaq 100 and the Dow Jones dropped by 1.10% and 0.35% on Friday, with Nvidia leading the losses. They also dropped after a report pointed to sticky consumer prices<strong> <\/strong>in the US.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">BTC price risky chart pattern is concerning<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2038\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/08\/Bitcoin-price-crashes-ahead-of-options-expiry-as-a-risky.png\" alt=\"Bitcoin price\" class=\"wp-image-14410336\"><figcaption class=\"wp-element-caption\">Bitcoin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The other notable risk is that Bitcoin has been slowly forming a highly risky pattern since March last year. The weekly logarithmic chart pattern shows that it has formed an ascending wedge pattern.<\/p>\n<p>Its upper line connects the higher highs since March 11 last year, while the lower line links the lowest levels since August. These lines are nearing their convergence, risking a stronger crash in the coming weeks.\u00a0<\/p>\n<p>The bearish BTC price forecast will be confirmed if the coin drops below the lower side of the wedge pattern at $105. If this happens, there is a risk it could plunge to the support at $74,470, its lowest level in April.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is on track to drop for three consecutive weeks as traders brace for a $15 billion options expiry and as risky chart patterns form on the weekly chart.\u00a0&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9289"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9289\/revisions"}],"predecessor-version":[{"id":9290,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9289\/revisions\/9290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8797"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}