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According to Bloomberg, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed Coinbase’s Deribit platform to become the largest venue for Bitcoin options trading. Following last Friday’s contract expirations, open interest in options tied to the Nasdaq-listed IBIT reached nearly

🇺🇸 NEW: Massachusetts to hold hearing to consider a Bitcoin strategic reserve bill on Oct. 7.

$BTC We're following the plan perfectly here in #BTC. We recovered the $112.3K range and quickly attacked $114K. This is really good... with this recovery, we saw a large liquidation of SHORT positions. We've once again recovered the EMAs (4h), which is extremely bullish. We're heading for a great MONTHLY close, with less than 24 hours to go. A quick look at the MONTHLY chart and it's impossible not to be bullish on this chart if we close at these current prices. I'd like to see a retest of the $113,200 region before continuing from here to $120K, but we could do that at the open of the new monthly candle, not necessarily before. In any case, the bears who were hoping for $98K were disappointed again, hahaha. They won't get that. Tomorrow we'll start receiving several important economic data. Of course, they should directly influence prices, but any pullback here should be supported by the green band below the current price, and we'll be fine. There's no need for much explanation; we know that the previous drop was caused by manipulation to remove retail traders from the charts, so, regardless of the time... we know the direction. The same thought: I know that many who were OPTIMISTIC will now post DISCOURAGEMENT and disbelief, but that's how most people act: THERE'S ONLY CONVICTION WHEN EVERYTHING IS GOING UP; otherwise, their convictions are as fragile as a glass. It's September, and this will be the month when we'll hit rock bottom; nothing has changed, and the desperation of market makers to remove small investors from the charts is a strong signal that an Altseason in October is likely. I'm focusing on that.

RT @0xgilllee: Only 1.5% of Bitcoin is active on-chain. This goes against the mission of DeFi, and @Lombard_Finance is going to fix that.…

Michael Saylor, the executive chairman of MicroStrategy, which recently rebranded to Strategy, has once again drawn attention to the company’s aggressive Bitcoin acquisition strategy by reviving and actively utilizing the public BTC Tracker. What Is The Bitcoin Tracker And Why Does It Matter Michael Saylor has once again released the Strategy Bitcoin tracker, a chart that the market has come to watch closely. According to the X post, the latest buy brings Strategy’s total Bitcoin treasury holdings to 639,835 BTC, which is approximately $70.01 billion. CryptosRus has stated that the familiar orange dots continue their steady climb upward and to the right, a simple yet powerful indicator hinting that additional BTC buys may be on deck. Every time this chart comes out, the market leans in. Saylor’s conviction has transcended simple corporate policy to become a genuine market signal. An analyst known as BitBull has confirmed a crucial turning point for the Bitcoin market, highlighting that BTC Open Interest has fallen to its lowest level in a month, effectively wiping out all the leverage that had built up during September. BitBull views this deleveraging event as a positive and healthy development for the market. By purging excessive leverage, the market is now considered to be in a healthier state, which could set the stage for a reversal upward in BTC price. Why The Current Bitcoin Run Is Only The Beginning Market analyst Zynx has offered insights into the BTC market and future price targets, pointing out that the bull market is still in its early stages and has significant room to run. He stated that BTC needs to cross $151,000 just to equal its all-time high in Gold, which suggests a specific metric where BTC’s price, relative to the price of an ounce of gold, would match its previous peak ratio. Historically, every cycle since the inception, BTC has more than doubled its price in Gold at a minimum, usually much more than that. However, the $300,000 target is looking increasingly realistic. While it is impossible to give a time frame, if history repeats, crossing the $151,000 all-time high within the next six months is expected. Furthermore, what makes this cycle fascinating is the macro overlay. Some analysts, such as EneaDenkt and others, are using the US Business Cycle Institute for Supply Management (ISM) as a key indicator for predicting the timing when BTC will peak. Zynx concluded by acknowledging that this is definitely a very interesting time for the BTC rally, and this cycle wi$ETH $XRP ll definitely be like no other. $BTC