Traders are willing to pay higher premiums for options that give the right to sell an asset at a predetermined price than for options that give the right to buy it. This shift reflects growing concerns among market participants regarding possible price declines in the short term.
However, the corporate sector is showing growing interest in Bitcoin as a reserve asset, which, coupled with the influx of funds into spot Bitcoin exchange-traded funds (ETFs), creates a stable foundation for the market.
“Investor interest in the asset continues. For example, Riot Platform is considering stopping BTC sales and increasing its reserves. Microsoft is also showing interest in buying Bitcoin, underscoring the growing corporate focus on using cryptocurrency as a reserve asset,” the report said.
The upcoming meeting of the US Federal Reserve System (FRS) may introduce additional volatility in the price dynamics of cryptocurrencies. However, one should not expect sharp jumps in the Bitcoin rate, experts emphasized.
Earlier, David Puell, an analyst at the investment company Ark Invest, said that Bitcoin is now in a “breathing stage” before the level of $100,000. In his opinion, the rate of the first cryptocurrency will exceed $104,000 by the beginning of January.
Source: Bits
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