Whales and options traders are betting on a massive BTC reversal toward $80,000 as a fragile Iran ceasefire fuels hopes for a supply squeeze and a breakout.
Bitcoin’s $80,000 bull bet just took over the market
Whales and options traders are betting on a massive BTC reversal toward $80,000 as a fragile Iran ceasefire fuels hopes for a supply squeeze and a breakout.
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Trend bias remains constructive, and a potential golden-cross setup is being monitored if shorter moving averages curl higher.
The company is expected to raise $4 billion at a $35 billion valuation.
Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management.
Led by Executive Chairman Michael Saylor, the company also added to its bitcoin holdings last week, bringing its total stack to 650,000 BTC.