Markets· ★★★· bearish·

Glassnode: Altcoins Weaker Than Bitcoin, Options and Order Book Point Lower

  • Share of top-100 coins above their 20-day average fell from 56% to 19% in a session
  • 1-week 25-delta skew moved above 0 after the Senate vote
  • September 25 options max pain — $72,000, largest strikes — $70,000
  • Nearly two-thirds of limit buys are concentrated 1–10% below price, down to $68,000
Why it matters: Holding $76,700 (True Market Mean) with two daily closes would restore momentum to the market, while a loss would open the way to $71,300 and $62,000–65,000.
Source: TokenPost