Bitcoin (BTC) 
$93,344 Yesterday, IBIT reached an all-time record high with the launch of BTC ETF options. At the time of writing, BTC is still at a record low. Demand for options is very high and 75% buy position is dominant. This tells us that professional investors expect further rises in options.
Will Buy Bitcoin Again
MicroStrategy In his recent announcement, he announced that he had increased the bond supply, which was previously announced as 1.75 billion dollars. This figure has been increased to 2.6 billion dollars and the closing will take place on November 21. The company, which purchased $4.6 billion worth of BTC last week, also received a significant portion of the money from the new bond issue. BTC will spend on its purchase. The huge purchase made last week at around 88 thousand dollars created great excitement in the markets.
Although the company’s acquisition news caused instant declines, historical data shows that the points where MicroStrategy purchased were local bottoms and significant gains were achieved following the purchases. So, $88,000 could remain a local bottom for a few months and BTC could reach six-figure targets before price corrections occur.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
