Bitcoin’s $13.8B Options Expiry Puts Bulls on Edge Ahead of Crucial Test

As Bitcoin options expire on August 29th, a total of $13.8 billion is at stake. This pivotal moment will likely determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or simply a temporary pause. While bullish strategies remain exposed to significant downside risk below $114,000, bears have fueled a downward trend that could intensify pressure on prices in the days leading up to the expiration.