#XRPETF

Bitcoin's current situation is dynamic, with its price hovering around $93,011.43. Here's a breakdown of its market situation:

• Market Capitalization: $1.88 trillion

• Current Price: $93,011.43

• Percent Change: -1.73%

Recent Developments

• 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. BlackRock's IBIT led the charge with $1,445.7 million in net inflows.

• 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  .

Market Sentiment

• Bullish Bets: Traders are showing a bullish bias, with a put-to-call ratio of 0.73, signaling optimism about Bitcoin's price.

• 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 .