IBIT options are the ninth largest in the U.S.
BlackRock’s Spot Bitcoin ETF Secures U.S. Top 10 Ranking With 7.7M Active Contracts
IBIT options are the ninth largest in the U.S.
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Leverage has been flushed, and spot demand remains soft, keeping bitcoin range-bound while token unlocks and thin liquidity drive sharp, narrative-led moves in select altcoins.
Futures prices for BTC are trading below spot prices, signaling "extreme fear," which can sometimes be read as a contrarian buy signal.
Social data show smaller traders have largely stepped aside, a setup that can later fuel sharp rebounds if prices stabilize and buying resumes.
Holdings of the stock by government bodies reflects a desire to gain bitcoin exposure where in some cases local regulators do not allow direct ownership, the report said.