As expected, the European Central Bank lowered its key rate from 2.40% to 2.15%. First rate cut since 2019 — signaling a potential shift in monetary policy.
Tim Draper: Bitcoin could hit $250K this year — or even go infinite against the dollar as institutional demand, banks, and Web3 adoption pick up speed.
A trader bought a massive batch of BTC call options, paying $50M in premiums. These options give the right to buy BTC at specific prices on set dates — and they’re ultra-bullish:
• $112K–$120K strikes for July 25 (3,750 BTC total) • $115K & $140K strikes for Sept. 26 (7,600 BTC total)
Is this a bet on $120K BTC by late July — and $140K by September?