[Analysis: BTC Currently Holding Above $110,000, Potential Upside May Be Emerging] Odaily Planet Daily News – As August comes to an end, Bitcoin's mild pullback may also be nearing its conclusion. Bitcoin has fallen about 4% this month, down 12% from its all-time high of $124,500, with the current price hovering around $110,580. Encouragingly, August's performance has been better than the past three years, and with the holiday season ending, trading activity in September is expected to pick up. The options market points to a "max pain" level of $116,000. Max pain refers to the strike price at which the largest number of options expire worthless, typically causing the greatest financial pain to option holders while maximizing gains for option sellers. Given that this level is above Bitcoin's current spot price, it suggests that potential upside may be on the horizon. (CoinDesk)