News

Against the backdrop of rising Bitcoin prices, the options market indicates low expectations. Bullish demand is weak, providing historically cheap leverage for investors anticipating price increases. (glassnode)

According to Odaily, Jonas Goltermann, analyst at Capital Economics, stated that if the US-Iran standoff persists and the Strait of Hormuz remains essentially closed, the market's optimism for an imminent resolution to the Iran war may quickly begin to fade. The analyst said: “Negotiations to end the US-Iran war and reopen the Strait of Hormuz appear to be stalled once again, prompting global financial markets to take a cautious stance at the start of the new week. Time is not on the side of the optimists: with each passing day, disruptions to the energy market intensify, causing greater downstream damage to economies worldwide.” (Golden Ten Data)

According to Foresight News, Bubblemaps monitoring shows that approximately 50% of BULL tokens are highly concentrated and hidden within a complex matrix of associated wallets. A cluster consisting of over 100 wallets transferred some tokens to new wallets and then sold them in small batches to evade detection, having made a profit of around $250,000 so far, with several addresses selling at the peak. This cluster currently still holds 30% of BULL’s total supply.