Opinion: MicroStrategy’s stock issuance plan is unlikely to halt the decline of Bitcoin

PANews reported on December 26 that although MicroStrategy, which has been hoarding Bitcoin, plans to issue shares so that it can buy more Bitcoins, Bitcoin still fell today, falling about 3% to $95,420 during the session. Some traders warned that the market could become volatile in the day ahead due to the large expiration of open interest in Bitcoin and Ethereum derivatives. On Friday, a record $43 billion in open interest will expire on derivatives exchange Deribit, including $13.95 billion in Bitcoin options and $3.77 billion in Ethereum options.