According to BlockBeats, Matrixport released a chart stating that last week, BlackRock launched Bitcoin ETF (IBIT) options, and the market responded enthusiastically with active trading volumes and steadily increasing open interest. This indicates that investors’ expectations for Bitcoin's future rise are strengthening.
This report focuses on options-related data expiring in December. Interestingly, implied volatility has shown a continuous downward trend, 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 prices may enter a smoother upward phase, which could further reduce implied volatility. A decrease in implied volatility is good news for traders, as it means the cost of Bitcoin call options is lower, allowing investors to build positions at a lower price and thus have the opportunity to expand their positions. Meanwhile, the increase in demand for options trading and the rise in large transactions may also further drive up Bitcoin prices.
According to BlockBeats, Bloomberg reported that Matt Maley, Chief Market Strategist at Miller Tabak + Co, stated that investors are worried that Bitcoin 'now needs to take a breather, as it has basically tested the $100,000 level,' adding that the bullish sentiment around 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 mark, 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., stated: 'Since the election, Bitcoin has been in an extremely overbought state, and it is bound to stagnate. That said, the current market situation hardly qualifies as a correction; we are simply returning to mid-last week’s levels.'
According to Wu Says, QCP Capital Analysis pointed out that the crypto market saw a slight drop due to the liquidation of over $100 million in BTC and ETH positions, but both remain above key support levels. The market anticipates that BTC may 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 this can help BTC break through the $100,000 level.
According to Odaily Planet Daily, Greeks.live macro analyst Adam stated in a post on X platform that this week is Thanksgiving, with economic events and data focusing on the Wednesday before Thanksgiving. The US stock market will be closed on Thursday and Friday, and recent trends in US stocks related to crypto are significant, making them worthy of attention.
Adam stated that Bitcoin is just one step away from $100,000 and needs just a little push, while ETH also rebounded significantly last week, driving a comprehensive rise in altcoins, with the crypto market's sentiment shifting back from Meme to mainstream markets. There was a slight pullback over the weekend, but the market's absorption capacity is strong, with bulls being very strong in the spot bull market. The options market is relatively stable, and large transactions and market interest rates are worth watching. Currently, the implied volatility of major maturities is at a relatively low level, and it is a good opportunity to buy options during this bullish market.
● MicroStrategy buys another 55,500 BTC, bringing current holdings to 386,700 BTC
According to Odaily Planet Daily, Michael Saylor announced that MicroStrategy has again purchased 55,500 BTC, bringing 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 the company’s investment portfolio. Apple focuses on smartphones, computers, wearable devices, and related services. Although Apple allows crypto wallets and blockchain applications on the App Store, it has no plans to directly participate in the crypto ecosystem. Compared to companies like Tesla, Apple chooses a conservative route, reflecting its brand’s emphasis on stability and user security.
● Digital asset investment product inflows reach a historical high of $3.13 billion
According to Odaily Planet Daily, Coinshares' latest weekly report shows that last week, digital asset investment product inflows reached a historical high of $3.13 billion, with a total inflow of $37 billion year-to-date. The $3.2 billion inflow into the US was offset by outflows from Germany, Sweden, and Switzerland, which were $40 million, $84 million, and $17 million, respectively, as these countries viewed the recent price peaks as profit-taking opportunities. Australia, Canada, and Hong Kong have positive market sentiment, with inflows of $9 million, $31 million, and $30 million, respectively.
Bitcoin inflows were $3 billion, Solana inflows were $16 million, exceeding Ethereum’s $2.8 million. The inflows of altcoins XRP, Litecoin, and Chainlink were $15 million, $4.1 million, and $1.3 million, respectively.
● WisdomTree has registered XRP ETF in Delaware, USA
According to Wu Says, global ETF provider WisdomTree has submitted a registration application in Delaware, USA, planning to launch an XRP exchange-traded fund (ETF). WisdomTree 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 US ETF
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.
The documents indicate that the application for the crypto index ETF continues to make progress with the US SEC. After the SEC requested more time to decide whether to authorize ETF trading, Hashdex submitted the first revised S-1 document in October.
The documents state that the Hashdex Nasdaq crypto index US ETF will initially include Bitcoin and Ethereum but may eventually expand to include other digital currencies.
● Ethereum blockchain surpasses Tron, regaining dominance in USDT supply
According to Cointelegraph, Ethereum has surpassed Tron to become the largest blockchain for Tether stablecoin after USDT supply increased by 10%.
DefiLlama data shows that the USDT supply on Ethereum is $60.3 billion, while Tron is $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 account for 45.4% and 43.7% of the USDT market, respectively. The total USDT supply reached $132.9 billion, a historical high.
Ethereum regained the first position 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 rank in 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’s re-staking infrastructure Kernel
According to Binance Labs’ announcement, the BNB Chain’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 creating maximum value for global re-stakers. Kernel integrates native and liquid staking tokens of BNB, BTC, and other yield-generating assets to enhance their utility and capital efficiency.
