Following approval by the US SEC and OCC, options for BlackRock’s iShares Bitcoin Trust ETF (IBIT) will be listed on the Nasdaq exchange today.
The purchase was funded by selling 13.6 million MicroStrategy (MSTR) shares, continuing Michael Saylor’s strategy of acquiring Bitcoin at any price.
Per BCA, the key lies in a technical metric called the “260-day fractal dimension complexity”.
The adoption of BTC by nation-states will heavily be catalyzed when the United States approves its Bitcoin Act to buy 1 million coins in five years to tackle the debt crisis.
JPMorgan’s retail sentiment indicator for Bitcoin reached an all-time high of 4 following strong inflows into US-listed spot Bitcoin ETFs after Donald Trump’s election victory.
Metaplanet is not slowing down with its pursuit of a massive Bitcoin treasury as it plans to buy more with debt security.
In the last three days, Bitcoin miners have moved a total of 45,000 BTC to exchanges, with significant transfers, with the sell off putting some selling pressure on BTC price.
In terms of market share, the Bitcoin options market shows high concentration, with most trading on Deribit.
For his role, Lichtenstein was sentenced to five years in prison, followed by three years of supervised release.
Despite the positive sentiments, Ki Young Ju, CEO of CryptoQuant, warned that Bitcoin might close the year below $59,000.
Large players in the BTC options market expected wild price swings in either direction, but there was an overwhelming bullish bias.
DeFi Technologies is driving a new strategy that will involve both Bitcoin and CORE token.
The Puell Multiple mirrored the 2020-2021 pattern. In November 2020, the metric reading stood at 1 before surging to the upper band (cycle top of $69K) in early 2021.
Bitcoin’s surge to an ATH of $93,434 has sparked widespread excitement, but analysts urge caution as extreme market greed signals a possible short-term pullback.
A surge in trading activity is usually an indicator of renewed interest among both retail and institutional investors.