"Market Interpretation: Bitcoin Spot ETF Has a High Probability of Passing"

・SEC Chairman Gary Gensler tweeted about the risks of investing in cryptocurrency

・The market has interpreted this, and the Bitcoin spot ETF is likely to pass this week

・BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie have all filed revised S-1 forms → considered the final step before Bitcoin spot ETF approval

・Bitcoin hit a new high in the short term, breaking through $47,000 USD

・The trading volume of call options (Call) expiring on 1/12 on the Deribit platform reached 165 million US dollars, and the trading volume of put options (Put) reached US$157.7 million

・The increase in options trading volume may also be due to large funds betting on volatility, which does not necessarily explain the strong differences between long and short.

・All news media and KOLs are shouting Sell The News, which makes people feel very weird. After the expectations are realized, real big money will enter the market.

・2024.04 Is there still an expectation of halving?