OSL trading time: 7.8 billion US dollars options are about to expire, BTC multi -short games intensify

Reprinted from panewslab

01/27/2025·3M

OSL trading moment: US$7.8 billion options are about to expire, and the BTC
long-short game intensifies

1. Market observation

Keywords: DeepSeek, ETH, BTC

There have been frequent developments in the cryptocurrency market recently. The Ethereum Foundation launched its first DeFi plan and transferred $165 million in ETH to a multi-signature wallet. Institutional participation continues to increase, and listed companies such as Tesla, MicroStrategy and Coinbase have become major buyers of Bitcoin. It is worth noting that Grayscale and CoinShares have submitted regulatory documents with plans to launch ETFs tracking XRP, Litecoin and Solana, while Nasdaq has also applied to the SEC to allow physical transfers of the iShares Bitcoin Trust. Bitcoin price is consolidating near $105,264 even as the Trump administration investigates the possibility of establishing a national digital asset reserve. Robert Kiyosaki, author of "Rich Dad Poor Dad", once again emphasized that Bitcoin is superior to the U.S. dollar, calling the former "good money" and the latter "bad money."

Market data shows that whale accounts have purchased a total of 200,000 BTC in the past month, which may herald a new round of gains. Especially considering that $7.8 billion worth of Bitcoin options are set to expire at the end of this month, market volatility is likely to increase. At the same time, with large investors acquiring $3.7 billion in ETH, the market generally believes that Ethereum's breakout of $7,000 is "inevitable." MicroStrategy continues to execute its Bitcoin accumulation strategy, and its co-founder Michael Saylor has released its 12th Bitcoin Tracking Report. It is worth mentioning that former Binance CEO Changpeng Zhao (CZ) revealed that his first purchase of Bitcoin was in early 2014, when the price was about $600.

It is worth noting that there are new breakthroughs in the field of technology. The AI company DeepSeek has triggered heated discussions on the Internet with its excellent performance and successfully topped Apple's free APP download rankings in the United States. However, the performance of U.S. technology stocks was weak, and the semiconductor sector generally fell in night trading. Among them, industry leader Nvidia fell by more than 5%, TSMC fell by nearly 5%, Broadcom fell by more than 3%, and AMD fell by nearly 2%. This may have a knock-on effect on the cryptocurrency market. reaction.

In terms of market expectations, analysts predict that Ethereum may rise by 378% against Bitcoin. The survey showed that 47.8% of respondents expected BTC to continue to rise this week, while 49.3% expected the XRP ETF to be approved first. At the same time, crypto investment company Paradigm called on Ethereum to speed up its update cycle to remain competitive. As Bitcoin stabilizes above $100,000, the scope of cryptocurrency applications is also expanding, with Russia's largest energy supplier Rosseti and Petrobras both announcing they will launch Bitcoin mining operations. Despite the short-term correction, the overall market outlook remains promising.

2. Key data (as of 09:34 HKT on January 24)

S&P 500: 6101.24 points (+3.73% during the year)
Nasdaq: 19,954.30 points (+3.33% during the year)
10-year U.S. Treasury yield: 4.591% (+1.0 basis points during the year)
U.S. dollar index: 107.645 (-0.77% during the year)
Bitcoin: $101,692 (+8.69% for the year), daily spot trading volume of $27.033 billion
Ethereum: $3,193.44 (-4.42% during the year), with daily spot trading volume of $19.219 billion