#BTC☀ #ETH🔥🔥🔥🔥🔥🔥

📉 Bitcoin & Ethereum Traders Brace for August Dip 📉

Crypto markets are signaling caution as traders lean into bearish bets for Bitcoin ($BTC ) and Ethereum ($ETH ) this August, per Derive.xyz data shared with CryptoSlate.

🔎 Bitcoin: Heavy Put Option Activity

• Open interest in BTC put options (Aug. 29 expiry) is 5x higher than calls.

• 50% of put activity targets a $95,000 strike, with 25% split between $80,000-$100,000.

• Deribit shows $2.8B+ in put open interest at $110,000 & $95,000 strikes.

• Options skew shifted from +2% to -2%, reflecting growing downside protection.

• 18% chance BTC hits $100,000 by month-end.

📊 Ethereum: Volatility Spikes

• ETH put options outnumber calls by 10% for Aug. 29 expiry.

• Key put strikes: $3,200, $3,000, $2,200, signaling potential drops.

• 30-day skew fell from +6% to -2%, showing bearish sentiment.

• Volatility at 65% (vs. BTC’s 35%) suggests a bumpy ride.

• 25% chance ETH falls below $3,000; 30% chance it closes above $4,000.

💡 Takeaway: Traders are hedging for declines, but ETH’s recent rebound shows some optimism. Stay sharp, crypto fam! 👀