#XRPETF Bitcoin's current situation is quite dynamic. Here's a breakdown  :

• Current Price: Bitcoin recently surged past $95,000 for the first time in two months, with a current price around $93,100, reflecting a 1.80% decrease.

• Market Sentiment: The market is bullish, with traders showing optimism about Bitcoin's price. The put-to-call ratio of 0.73 signals a bullish bias among traders.

• Options Expiry: A significant options expiry event is expected to inject volatility into the market, with 77,642 Bitcoin options contracts set to expire, carrying a notional value of $7.24 billion.

• Institutional Investment: US spot Bitcoin ETFs recorded significant inflows, acquiring about 6.3% of their total BTC holdings in three days, with $2.4 billion in inflows. This surge in institutional demand is driving the market.

• Whale Accumulation: Mega whales and whales are accumulating Bitcoin, indicating structural support for the cryptocurrency. Glassnode's Accumulation Trend Score for this cohort has climbed to 0.9, indicating aggressive buying.

Key Factors to Watch:

• Global Trade Risks: Escalating US-China trade tensions could impact risk sentiment and weigh on Bitcoin's price.

• Macroeconomic Indicators: US labor market and inflation data will influence the Fed rate path, potentially boosting or hindering Bitcoin demand.

• US BTC-Spot ETF Market Flows: Spot ETF flow trends remain a critical barometer of market sentiment and price trends .