Bitcoin Futures Trading Volume Hits $81B Amid Short Trader Activity
Key Developments in Crypto Investments
- Michael Saylor, CEO of Strategy, hinted at a new purchase of BTC in a recent tweet.
- Strategy's BTC holdings are currently valued at $69 billion, down from $73 billion when BTC reached all-time highs.
- Saylor discussed Strategy's perpetual preferred stock, $STRC, which offers 10.25% variable monthly cash dividends backed by overcollateralized Bitcoin.
- $STRC maintains stability and value through pricing between $99 and $101, avoiding liquidation.
Market Insights
- Bitcoin price rose by 1.5%, reaching just under $109,000.
- Despite the rise, derivatives metrics indicate that short traders anticipate further declines.
- Bitcoin futures trading volume increased by 22.76% to $81.08 billion, while Open Interest saw a marginal increase of 0.59%.
Emerging Projects
- The SUBBD presale has raised over $1.2 million out of its $1.4 million target.
- SUBBD is an AI-driven project focused on creator monetization tools.
