● Matrixport: BlackRock's Bitcoin ETF options trading volume is active, investors remain optimistic
According to BlockBeats, Matrixport released a chart indicating that last week, BlackRock launched Bitcoin ETF (IBIT) options, and the market reacted enthusiastically with active trading volume and steadily increasing open interest. This indicates that investors' expectations for Bitcoin's future rise are strengthening.
This report focuses on the options-related data expiring in December. Interestingly, implied volatility has shown a continuous downward trend and is currently close to 65%. Previously, Bitcoin surged from $70,000 to $98,000 due to market sentiment following Trump's election, but the recent momentum has slowed. In the future, Bitcoin's price may enter a more stable upward phase, which could further reduce implied volatility. The decrease in implied volatility is good news for traders as it means the cost of Bitcoin call options is reduced, allowing investors to build positions at a lower price and seize opportunities to expand their positions. Additionally, the rise in options trading demand and the increase in large transactions may further drive Bitcoin's price upward.
According to BlockBeats, Bloomberg reported that Miller Tabak + Co's chief market strategist Matt Maley stated that investors are worried that Bitcoin 'needs to take a breather now as it has essentially tested the $100,000 level', adding that the bullish sentiment surrounding Bitcoin 'is becoming extreme'. Since the Republican victory on November 5, the overall value of the digital asset market has increased by about $1 trillion.
David Lawant, head of research at crypto brokerage FalconX, stated: 'As Bitcoin approaches the $100,000 threshold, I see an increase in selling pressure, indicating that we may experience consolidation around this level in the short term before continuing to break through.' Stephane Ouellette, CEO of crypto investment firm FRNT Financial Inc., remarked: 'Bitcoin has been in an extremely overbought state since the election, and it was bound to stagnate. That said, the current market situation is hardly a correction; we have simply returned to the levels of mid last week.'
According to Wu's report, QCP Capital analysis pointed out that the crypto market slightly declined due to the liquidation of over $100 million in BTC and ETH positions, but both remain above key support levels. The market expects BTC to consolidate before December, with funds gradually flowing into ETH and other altcoins, causing BTC's market cap share to drop from 62% to 59%.
Notably, MicroStrategy founder Michael Saylor hinted at further increasing BTC holdings, and the market is generally focused on whether he can help BTC break through the $100,000 mark.
According to Odaily Planet Daily, Greeks.live macro analyst Adam stated in a post on platform X that this week is Thanksgiving, with economic events and data concentrated on the Wednesday before Thanksgiving, and US stocks are closed on Thursday and Friday. The recent performance of crypto-related US stocks has been significant and closely correlated with crypto, so it deserves attention.
Adam stated that Bitcoin is just a step away from $100,000, needing just a final push. ETH saw a significant rebound last week, driving altcoins to rise across the board, with the crypto market's focus shifting from meme coins back to major markets. There was a slight correction over the weekend, but the market's absorption capacity is very strong, with bulls being very aggressive in the spot bull market. The options market remains stable, and large trades and market rates are worth paying attention to. Currently, the implied volatility for major tenors is relatively low, and it is a good opportunity to buy options as the bull market is strong.
● MicroStrategy buys another 55,500 BTC, current holdings reach 386,700 BTC
According to Odaily Planet Daily, Michael Saylor announced that MicroStrategy has bought another 55,500 BTC, bringing its current holdings to 386,700 BTC.
According to PANews, Apple CEO Tim Cook revealed that he has personally held Bitcoin for three years as part of a diversified investment, but it is unrelated to Apple.
Cook stated that Apple will not incorporate cryptocurrency into its business model, including payment systems or corporate portfolios. Apple focuses on smartphones, computers, wearables, and related services. While allowing crypto wallets and blockchain applications on the App Store, Apple has no plans to directly participate in the crypto ecosystem. Compared to companies like Tesla, Apple chooses a conservative approach, reflecting its brand's core values of stability and user safety.
● Digital asset investment product inflows reach an all-time high of $3.13 billion
According to Odaily Planet Daily, Coinshares' latest weekly report shows that last week, digital asset investment product inflows reached an all-time high of $3.13 billion, bringing the total inflows for the year to $37 billion. The $3.2 billion inflow into the US was offset by outflows from Germany, Sweden, and Switzerland of $40 million, $84 million, and $17 million, respectively, as these countries viewed the recent price peaks as opportunities to take profits. Australia, Canada, and Hong Kong's market sentiment is positive, with inflows of $9 million, $31 million, and $30 million, respectively.
Bitcoin saw inflows of $3 billion, Solana $16 million, exceeding Ethereum's $2.8 million. Altcoins XRP, Litecoin, and Chainlink saw inflows of $15 million, $4.1 million, and $1.3 million, respectively.
● WisdomTree has registered XRP ETF in Delaware, USA
According to Wu's report, global ETF provider WisdomTree has submitted a registration application in Delaware, USA, planning to launch an XRP exchange-traded fund (ETF). WisdomTree has confirmed the authenticity of this application. As a company managing over $100 billion in assets, WisdomTree's move indicates its intention to enter the crypto asset market to meet investor demand.
● Hashdex submits revised S-1 application for Nasdaq crypto index ETF again
According to Odaily Planet Daily, regulatory documents from November 25 show that asset management company Hashdex has submitted a second revised application for a crypto ETF, aiming to create a one-stop cryptocurrency portfolio.
Documents indicate that the application for the crypto index ETF continues to make progress with the SEC in the United States. After the SEC requested more time to decide whether to authorize ETF trading, Hashdex submitted the first revised S-1 document in October.
The document states that Hashdex's Nasdaq crypto index ETF will initially include Bitcoin and Ethereum, but may eventually expand to include other digital currencies.
● Ethereum blockchain surpasses Tron to reclaim USDT supply dominance
According to Cointelegraph, Ethereum has surpassed Tron to become the largest blockchain for Tether stablecoin after a 10% increase in USDT supply.
DefiLlama data shows that the USDT supply on Ethereum is $60.3 billion, while Tron is at $58.1 billion. Over the past week, Tron’s USDT supply has decreased by 1.5%, while Ethereum has increased by 9.3%.
Ethereum and Tron hold 45.4% and 43.7% shares in the USDT market, respectively. The total USDT supply has reached $132.9 billion, setting a new all-time high.
Ethereum reclaimed the top spot on November 21 and further expanded its lead on November 23, with Tether minting $2 billion USDT on Ethereum and $1 billion on Tron.
BNB Chain, Arbitrum, and Avalanche ranked among the top five with USDT supplies of $4.58 billion, $3.09 billion, and $1.31 billion, respectively.
● Binance Labs announces investment in BNB Chain ecosystem's re-staking infrastructure Kernel
According to a Binance Labs announcement, the BNB Chain ecosystem's re-staking infrastructure Kernel has received investment from Binance Labs.
Kernel aims to become a global leader in the re-staking space, providing shared decentralized economic security for decentralized application (dApp) networks and maximizing value for global re-stakers. Kernel integrates native and liquid staking tokens of BNB, BTC, and other yield-bearing assets to enhance utility and capital efficiency.
