The BTC market is currently navigating a period of heightened uncertainty, primarily driven by anticipation surrounding the upcoming Federal Reserve's Jackson Hole meeting and Jerome Powell's speech. While long-term bullish forecasts from prominent figures like Coinbase CEO Brian Armstrong and firms like Bitwise suggest significant future growth, short-term sentiment remains cautious, with some indicators pointing towards a potential bearish shift. Options traders are split, reflecting the prevailing indecision, even as adoption news, such as SoFi integrating BTC Lightning for remittances, provides a positive underlying current. The market's sensitivity to macro events is evident in recent price dips and ETF outflows, underscoring the delicate balance between long-term optimism and immediate economic concerns.

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