{"id":867837,"date":"2025-08-25T00:12:35","date_gmt":"2025-08-25T05:12:35","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/25\/bitcoin-price-slips-under-104k-into-triple-witching-options-expiry\/"},"modified":"2025-08-25T00:12:35","modified_gmt":"2025-08-25T05:12:35","slug":"bitcoin-price-slips-under-104k-into-triple-witching-options-expiry","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/25\/bitcoin-price-slips-under-104k-into-triple-witching-options-expiry\/","title":{"rendered":"Bitcoin price slips under $104K into &#039;triple witching&#039; options expiry"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-gtm-locator=\"articles\" data-v-43e640e6>\n<article id=\"article-197716\" data-v-43e640e6>\n<p itemprop=\"description\" data-v-43e640e6> Bitcoin bulls attempt to reclaim daily moving averages while volatility warnings come before a unique options expiry event for TradFi markets. <\/p>\n<div data-v-43e640e6><picture><source media=\"(min-width: 1200px)\" ><source media=\"(min-width: 992px)\" ><source media=\"(min-width: 768px)\" ><source media=\"(min-width: 480px)\" ><img  loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-06\/01978df4-f4e7-7faf-b26d-d9c439ba3a06\" alt=\"bitcoins Bitcoin price slips under $104K into \u2018triple witching\u2019 options expiry\"><\/picture><\/div>\n<div data-v-43e640e6>\n<div data-v-43e640e6>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin gives up pre-Wall Street gains as range-bound BTC price action stays in place.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">A potentially record-breaking TradFi options expiry event threatens curveball volatility across risk assets.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Bitcoin continues to hold key support needed for a run at $135,000.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" title=\"null\">BTC<\/a>) reversed earlier gains after the June 20 Wall Street open as a major expiry event brought a \u201cbig day\u201d for US equities.<\/p>\n<figure><img decoding=\"async\" alt=\"bitcoins Bitcoin Price, Markets, Market Analysis\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-06\/01978dda-178d-71e8-b0c8-f329fb5e10e5\" title><figcaption><em>BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<h2>Bitcoins Bitcoin bulls struggle at key moving averages<\/h2>\n<p>Data from <a data-ct-non-breakable=\"null\" href=\"https:\/\/subscription.cointelegraph.com\/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI.\" title=\"null\">Cointelegraph Markets Pro<\/a> and <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">TradingView<\/a> showed BTC price momentum stalling after <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-grabs-106k-liquidity-as-whale-longs-btc-with-255m\" title=\"null\">a trip to $106,500<\/a>.<\/p>\n<p>BTC\/USD thus fluctuated around its 21-day simple moving average (SMA) at 105,800, a level highlighted by Keith Alan, co-founder of trading resource Material Indicators.<\/p>\n<blockquote>\n<p lang=\"en\" dir=\"ltr\">It&#8217;s Fri-yay, and after 4 consecutive support tests at the 50-Day SMA, BTC is making another attempt at R\/S Flipping the 21-Day SMA to reclaim the range above $106k. <a href=\"https:\/\/t.co\/8WpN2xDrHd\">pic.twitter.com\/8WpN2xDrHd<\/a><\/p>\n<p>\u2014 Keith Alan (@KAProductions) <a href=\"https:\/\/twitter.com\/KAProductions\/status\/1936043929830379737?ref_src=twsrc%5Etfw\">June 20, 2025<\/a><\/p><\/blockquote>\n<p>That level coincided with the 10-day SMA, another reclaim attempt in progress, as <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/MatthewHyland_\/status\/1936047781514215501\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">flagged<\/a> by popular trader Matthew Hyland.<\/p>\n<p>\u201cMarket is still positioned short including more shorts loading up here,\u201d fellow trader Skew <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/52kskew\/status\/1936011996811690016\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">continued<\/a> during the trip past $106,000.<\/p>\n<blockquote><p>\u201cNotable ask depth here on orderbooks so this means spot flow is pretty dominant &#038; important today.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" alt=\"bitcoins\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-06\/01978dd3-20be-7af6-9a85-a4c7ea27e4bc\" title><figcaption><em>BTC order book data. Source: Skew\/X<\/em><\/figcaption><\/figure>\n<p>With Bitcoin still stuck in a narrow intraday range, a potential volatility catalyst came in the form of an unusually large TradFi expiry event.<\/p>\n<p>\u201cBrace for heightened market volatility today: $6.8 trillion worth of options on stock indexes, ETFs, equity index futures, and individual stocks are set to expire during today&#8217;s trading session,\u201d trading resource The Kobeissi Letter <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/1935995547959132344\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">told<\/a> X followers ahead of what it called a \u201cbig day.\u201d\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThis is potentially the biggest \u2018triple witching\u2019 OpEx on record, according to SpotGamma estimates. It will also be the first monthly post-holiday OpEx in at least 25 years.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" alt=\"bitcoins\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-06\/01978dd1-82d6-741d-99eb-2cba83c5dfa4\" title><figcaption><em>Options expiry data. Source: The Kobeissi Letter\/X<\/em><\/figcaption><\/figure>\n<h2>Bitcoins $135,000 BTC price target still \u201con the table\u201d<\/h2>\n<p>Adopting a longer-term view, trading and analytics account Titan of Crypto saw reason for optimism based on weeks of support retention.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/here-s-when-bitcoin-analysts-see-new-btc-price-volatility\" title=\"null\"><em><strong>Here\u2019s when Bitcoin analysts expect new BTC price volatility<\/strong><\/em><\/a><\/p>\n<p>Uploading the weekly chart to X, Titan of Crypto argued that a $135,000 BTC price target remained \u201con the table.\u201d<\/p>\n<p>\u201cBTC broke out of a right-angled descending broadening wedge, and the structure remains valid,\u201d part of the accompanying commentary\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Washigorira\/status\/1936003630542332152\/photo\/1\" title=\"null\">summarized<\/a>.<\/p>\n<figure><img decoding=\"async\" alt=\"bitcoins\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-06\/01978dd2-3481-728a-932d-8f23e12385a3\" title><figcaption><em>BTC\/USDT 1-week chart. Source: Titan of Crypto\/X<\/em><\/figcaption><\/figure>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-targets-mushroom-traders-bet-on-200k-this-bull-run\" title=\"null\">Cointelegraph recently reported<\/a> on various bullish price forecasts, including $140,000 and higher.<\/p>\n<p type>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p><img decoding=\"async\" alt=\"bitcoins\" alt src=\"https:\/\/zoa.cointelegraph.com\/pixel?postId=197716&#038;regionId=1\" data-v-43e640e6><\/p>\n<\/div>\n<\/div>\n<p> Cointelegraph by William Suberg <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-slips-under-104k-into-triple-witching-options-expiry?utm_source=rss_feed&#038;utm_medium=rss&#038;utm_campaign=rss_partner_inbound\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin bulls attempt to reclaim daily moving averages while volatility warnings come before a unique options expiry event for TradFi markets. Key points: Bitcoin gives up pre-Wall Street gains as range-bound BTC price action stays in place. A potentially record-breaking TradFi options expiry event threatens curveball volatility across risk assets. Bitcoin continues to hold key<\/p>\n","protected":false},"author":1,"featured_media":867838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[11476],"class_list":["post-867837","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=867837"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/867838"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=867837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=867837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=867837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}