ChainCatcher's latest news shows that the Bitcoin market has experienced a series of dramatic changes recently. First, the price of Bitcoin once exceeded $97,000, but then fell back to above $95,000. This fluctuation was mainly affected by the US government's transfer of 10,000 Bitcoins related to Silk Road, which led to increased short-term market volatility.

In the options market, the front-end volatility curve shows that the put option premium is higher than the call option, reflecting the market's uncertainty about future price trends. However, institutional demand remains strong, and spot ETFs had a net inflow of $350 million yesterday, showing investors' continued interest in Bitcoin.

In addition, MARA Holdings purchased $618 million in Bitcoin in two months, following MicroStrategy's investment strategy. Major mining companies such as Riot Platform plan to suspend Bitcoin sales and consider expanding their holdings, further indicating that corporate interest in Bitcoin as a reserve asset is rising.

On the macroeconomic level, the S&P 500 hit a record high for the 54th time this year, while Federal Reserve officials are inclined to reduce borrowing costs at their next meeting, a decision that could cause market volatility during the announcement window.