The big cake broke the 120-day line, and the pressure level above 66,300 is difficult to break through. There is a chance to test between 61,000 and 62,000 below. In the days before July, the bears will continue to have the upper hand.
There are several news:
1. Arkham confirmed that the wallet of the German police transferred 500 BTC to Bitstamp and Kraken, indicating that it is about to be sold. This wallet currently holds about 43k BTC, worth $2.83 billion.
2. BTC ETF also saw a net outflow of $714 million last week.
But in the options market, we observed that the purchase volume of 90-100k call options in December and March in the past 24 hours was abnormally large. This shows that the market is gradually bottoming out and preparing for a continued rise that will last until 2025.
