🎉Since the election victory, both the Bitcoin options market and the contract market have set new historical records!
Since Trump's victory, interest in Bitcoin among American investors, especially institutional investors, has surged, and this wave of enthusiasm is driving Bitcoin prices to new highs.
According to data from CryptoQuant, the demand for Bitcoin from American institutional investors is rising sharply and showing explosive growth.
Additionally, according to the Coinbase premium index, which reflects the price difference of Bitcoin between Coinbase and other exchanges, it has turned positive for the first time since October 18, indicating the strength of purchasing power in the U.S. market!
Such a large premium gap is usually caused by large players, such as institutional investors or big holders, making frantic purchases. Their series of buying actions have also intensified the bullish sentiment for Bitcoin.
Moreover, as of 8 AM today, the total amount of Bitcoin open interest across the network has surged to $32.567 billion. Meanwhile, as of now, the amount of open contracts for Bitcoin has reached $46.871 billion, both of which have set historical records.
Currently, Bitcoin has broken through the new height of $75,500, and market bullish sentiment remains strong!
Finally, what do you think of this wave of Bitcoin's rise? How long do you think this momentum can last? And how long will the next trend continue? Come to the comments section and share your views!
