In September, $11B worth of bitcoin options are set to expire, with a heavy concentration of call options at the $140,000 strike price. For August, the dominant strike price sits at $124,000, IMO acting as a magnet that keeps bitcoin’s price below its all-time high and with a potential move to fill the CME gap down to $117,000. IV is likely to continue to compress throughout August. September should be the breakout for both vol. and price. Agree with @JoeCarlasare, Ethereum taking out $5k, will only push bitcoin higher.