In this video Benjamin talks about: Bitcoin Rallies to $80K | Kevin Warsh Speaking at Jackson Hole. Video by Benjamin Cowen.
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Bitcoin (BTC) is trading near $80,000, oscillating tightly around $79,697 to $80,268. The cryptocurrency briefly surged past a historic $81,148 earlier in the session before facing increased profit-taking and technical resistance.
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Insights Today
-$6.44 Billion Options Expiry: Roughly 81,700 Bitcoin options contracts are expiring today on Deribit. Traders are closely watching the $75,000 and $80,000 strike concentrations, fueling localized intraday volatility.
-The "Debasement Trade" & ETF Inflows: Bitcoin has logged a massive weekly rally—gaining up to 22% over the last seven days. Momentum is driven heavily by eight consecutive days of U.S. spot Bitcoin ETF net inflows totaling $2.8 billion, alongside macroeconomic shifts like lower bond yields and a softer U.S. dollar.
-Macro Headwinds (PCE & Jackson Hole): The rally is testing major resistance as the market digests stickier-than-expected U.S. inflation figures (headline PCE at 3.7% and core PCE at 3.3% year-over-year). Investors are repositioning ahead of Federal Reserve Chair Kevin Warsh's debut keynote address at the Jackson Hole Economic Policy Symposium today.
-Corporate Treasury FOMO: Publicly traded companies continue to pile into the asset. Alpha Modus announced a strategic transaction to add 3,170 BTC (worth over $200 million) to its balance sheet, while Strive recently disclosed purchasing 1,110 BTC.
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