CoinVoice recently learned that QCP released a daily report saying that Bitcoin rose 2.20% last night. Driven by strong spot demand, it briefly rebounded to the $68,000 mark and then stabilized in the $67,000 area. During the US trading session, there was a large amount of purchases of long-term options expiring on 28 Mar in the market, with 600 contracts at a strike price of $120,000.

This suggests that optimistic long-term buyers are returning in this rally. Yesterday, Bitcoin ETFs added $456 million, extending a four-day streak of net inflows. These strong and growing inflows could be a leading indicator for BTC to once again hit its all-time high of $73,790.

Although the US election is the next key catalyst for Bitcoin and cryptocurrencies, the market remains uncertain about the direction of Bitcoin after the election. Options expiring close to the election are trading at a 10% premium to other expiring options. With everyone's eyes on the election, any changes in polls or changes in candidates' campaign narratives will be magnified in spot prices. [Original link]