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Institutions bet on Bitcoin drop and Ethereum rise as $6.5B in Bitcoin options expire soon

Market News
28 Aug 2026
AMBCrypto
View Source
Neutral
Institutions bet on Bitcoin drop and Ethereum rise as $6.5B in Bitcoin options expire soon

Bitcoin and Ethereum led a recent crypto recovery but saw returns fall this week, with BTC trading above $79,000 and ETH around $2,500. Over $6.4 billion in Bitcoin options are set to expire soon, showing bullish control on BTC's price in the near term. However, institutional bets reveal a contrasting outlook: many expect Bitcoin to drop (notably around the $70K strike price) while betting on Ethereum to rise above $3,000 by the end of September. This divergence suggests altcoins like Ethereum could outperform Bitcoin if these bets play out. Both cryptos currently trade within tight ranges, and breaking key levels will determine if rallies continue or corrections occur.

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