Market analysts said the extreme downside scenario risked influencing real capital flows, prompting a heated public debate over bitcoin’s macro outlook.
Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call
Market analysts said the extreme downside scenario risked influencing real capital flows, prompting a heated public debate over bitcoin’s macro outlook.
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Strategy’s valuation cycle top came as BlackRock’s IBIT options launched, underscoring the interplay between equity-driven and ETF-based bitcoin exposure.
For the quarter ending June 30, the company reported a BTC Yield of 95.6%, following a 309.8% yield in the previous quarter.
The $80K BTC put is now the most popular options play on Deribit.
Profit-taking is occurring, but the token has managed to keep most gains.