#SaylorBTCPurchase
Latest developments in Bitcoin (BTC) in the cryptocurrency market as of today, Friday, May 2, 2025
*Current price and technical trends*
Bitcoin is currently trading between $96,350 and $97,180, nearing the psychological barrier of $100,000. This rise is driven by increasing institutional demand, especially following reports of Morgan Stanley's intention to offer cryptocurrency trading services through the ETrade platform. Strategy (formerly known as MicroStrategy) has also announced a share offering worth $21 billion to purchase more Bitcoin.
*Market indicators and potential volatility*
*_Financial options* : It is expected that Bitcoin and Ethereum options worth approximately $3 billion will expire today, which may lead to price volatility. The put-to-call ratio for Bitcoin indicates a ratio of 1.01, reflecting a balance between bullish and bearish expectations.
*Selling pressures* :
If Bitcoin surpasses the $100,000 mark, it could trigger the liquidation of short positions worth over $3 billion, potentially causing a rapid price increase due to "short squeeze" pressure.
*Fear and greed index* :
The index has returned to the "greed" zone, indicating increased speculative activity and the likelihood of greater market volatility.
