Bitcoin Jumps to $35K with Options Positioning Suggesting Price Has Further to Run
Bitcoin's price has broken out and reached as high as $35k in the past 24 hours, with the uptick in bullish momentum and high demand from institutional investors contributing to the spike. The majority of Bitcoin short traders were liquidated, leading to a sudden short squeeze.
Speculation of BlackRock Inc's iShares Bitcoin ETF being approved by the SEC has also contributed to the bullish outlook, with the iShares Bitcoin Trust now listed on the DTCC and viewed as imminent approval for spot Bitcoin ETFs in the next six months. Market analysts expect the Bitcoin bullish outlook to continue in the coming weeks, supported by options with a higher call rate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Bitcoin Reach $105K? The Potential Impact of Liquidity Injections on Bullish Surge
Exploring the Potential Influence of Global Liquidity on Bitcoin's Ascension to a New High

Leverage-Driven Pump: How Bitcoin Long Traders Could Become Trapped
Unpacking the Perils and Potential of Leverage-Driven Bitcoin Pump for Long Traders

Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Trending news
MoreCrypto prices
More








