News

PANews reported on January 24th, macro researcher Adam from Greeks.live pointed out that on January 24th, a total of 31,000 BTC options expired with a Put Call Ratio of 0.48 and the biggest pain point being $100,000 USD, having a nominal value of $3.19 billion USD. Additionally, 174 thousand ETH options expired with a Put Call Ratio of 0.47 and the biggest pain point being $3300 USD, having a nominal value of $580 million USD. Bitcoin remains above $100k USD and there is high probability that Bitcoin will become the reserve asset for the US government and major corporations this year. Trump's inauguration has cleared policy obstacles for it and market enthusiasm for Bitcoin may continue throughout the year. Trump officially took office as President in this term; whether he will issue policies directly favorable to cryptocurrencies this month is worth paying attention to. Today Japan's central bank announced an interest rate hike by 25 basis points while next week's Federal Reserve interest rate meeting will likely maintain rates without any cuts. Macro event expectations are relatively stable; focus should be placed on policy changes from new government and ETF inflows later this week - some short-term options can be purchased for short-term trading.

Yesterday (Eastern Time, January 23), the total net inflow of Bitcoin spot ETF was $189 million. Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $49.9443 million, and the current historical net outflow of GBTC is $21.752 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $11.9045 million yesterday, and the current total historical net inflow into Grayscale's Bitcoin Mini Trust BTC is $1.108 billion. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT ETF, with a single-day net inflow of $155 million; currently, IBIT has reached a total historical net inflow of $39.573 billion. This was followed by Bitwise's BITB ETF with a daily influx of 42.1475 million dollars; currently BITB has reached a total historic influx amounting to 2.431 billion dollars. As at press time, the Net Asset Value (NAV) for all bitcoin spot exchange-traded funds stands at approximately 1215.99 billion USD while their NAV ratio (the proportion that this represents in relation to bitcoin’s overall market cap) stands at about 5.94%. The cumulative historic influx amounts to around 3942 billion USD.