The largest BTC options block trade in the past day: A business owner bought 300 BTC worth of 110,000 put options expiring at the end of September, paying $887,000 USD. => Worries that this correction will cause the price to fall below 107,000. September will bring the biggest recent macro risk: the decision to cut interest rates. Large positions generally reduce their exposure before this event to mitigate risk, so recent volatility and corrections are inevitable. However, I personally believe that unless the US stock market plummets, BTC will merely fluctuate and not necessarily experience a significant drop.